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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.