'Nexus Plan' provides road map to fund entertainment arena

Ted Gaines and Darrell Steinberg write an op-ed in the Bee talking up the proposed arena and the economic and social benefits it could have for the surrounding area.

9 months ago Citadel 29 6 comments 1 recs |

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Great way to start my morning

"Children want what they want when they want it." ... Andy Sims

by edm7 on Sep 7, 2011 6:20 AM PDT via mobile reply actions

Sounds almost too good to be true

• First, the taxpayers will come first, just as Mayor Kevin Johnson promised when he first proposed a new entertainment and sports complex in October 2009. The public’s return on its investment will be jobs, jobs and more jobs.

• Second, there will be no broad-based citywide or regional sales tax to fund the project.

• Third, once developed, the project will be self-sustaining – it will pay for itself.

• Fourth, the Nexus Plan will demonstrate how a majority of the funds can come from the private sector and those who will use the facility.

• And, fifth, the facility will be publicly owned – it will belong to us.

by HeuristicLineup on Sep 7, 2011 6:39 AM PDT reply actions

I wish 5 were a good thing

From what I can tell facilities that are publicly owned are more likely to decay and be deemed “unfit” quicker by owners who grow tired of them than privately owned venues.

by athletics68 on Sep 7, 2011 8:13 AM PDT up reply actions

From what you could tell the Kings were leaving last season

SACTOWN ROYALTY - Try our thick creamy shakes!

by section214 on Sep 7, 2011 9:27 AM PDT up reply actions 6 recs

I believe that applies to 100% publically financed

not the end result of 100% piblically owned

As a result of the NBA going dark and staging a lockout I plan on saying only depressing things until the season starts. If they put out the schedule I plan to also go and sit in the Arco parking lot on nights games would have been played. I will Tivo CSN on games nights. They can't stop me. Its my team and I'll cry if I want to, cry if I want to.

by ElRonToro on Sep 7, 2011 10:45 AM PDT up reply actions