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NBA Kings Financial Flop to Hit Sacramento’s City Services?

Investing public dollars in private ventures is not risk-free. Consider the case of the NBA Sacramento Kings. The city of Sacramento borrowed $273 million to build the Golden 1 Center, where the Kings play. That deal required the city to take out a loa…

Investing public dollars in private ventures is not risk-free. Consider the case of the NBA Sacramento Kings. The city of Sacramento borrowed $273 million to build the Golden 1 Center, where the Kings play. That deal required the city to take out a loan six years ago. Revenues from city parking service the borrowing, principal More

The post NBA Kings Financial Flop to Hit Sacramento’s City Services? appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Seth Sandronsky.


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Seth Sandronsky | Radio Free (2021-05-21T07:48:50+00:00) NBA Kings Financial Flop to Hit Sacramento’s City Services?. Retrieved from https://www.radiofree.org/2021/05/21/nba-kings-financial-flop-to-hit-sacramentos-city-services/

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" » NBA Kings Financial Flop to Hit Sacramento’s City Services?." Seth Sandronsky | Radio Free - Friday May 21, 2021, https://www.radiofree.org/2021/05/21/nba-kings-financial-flop-to-hit-sacramentos-city-services/
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" » NBA Kings Financial Flop to Hit Sacramento’s City Services?." Seth Sandronsky | Radio Free - Accessed . https://www.radiofree.org/2021/05/21/nba-kings-financial-flop-to-hit-sacramentos-city-services/
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" » NBA Kings Financial Flop to Hit Sacramento’s City Services?." Seth Sandronsky | Radio Free [Online]. Available: https://www.radiofree.org/2021/05/21/nba-kings-financial-flop-to-hit-sacramentos-city-services/. [Accessed: ]
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» NBA Kings Financial Flop to Hit Sacramento’s City Services? | Seth Sandronsky | Radio Free | https://www.radiofree.org/2021/05/21/nba-kings-financial-flop-to-hit-sacramentos-city-services/ |

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