In theory it has financial backing but there are many holes in this plan that no one has addressed. Who's gonna pay for building the new State Fair grounds next to Arco? That alone will cost more than a hundred million dollars. Will the Maloof's pay the city back the $70 million they owe them? That's just two sticking points that together will cost over $200 million.

The Kamilos three card monty 'deal' CLAIMS financial backing, but every single 'player' in the 'deal' is significantly financially compromised, including the Maloofs, claiming $300 million in rent payments they don't have, having sustained a near bankruptcy in their family's flagship liquor distribution firm requiring its sale, along with their $70 million loan from Sacramento itself, Thomas Enterprises, whose several project bankruptcies around the U.S. have required their firm to reduce staff from 750 to 50, and who have been basically living off cashflow from government funding of the Railyards project, Kamilos himself, who has several projects 'under water', including his own home in Fair Oaks, and even his touted McQuarie Capital, an Aussie firm whose portfolio has billions in mortgaged assets maturing in the next two years which are also similarly overvalued and potentially 'under water', ..... and this is the best of the proposals thus far.... and the deal itself has a clause that provides for a tax increment 'just in case'.... that means PUBLIC FINANCING, btw...

And then there's the pesky problem of the NBA itself being broke..... Now, THAT should finally put a nail in this arena thingy's coffin, if reasonably prudent people were deciding this outcome....

Rather than supporting ANY proposal, it would be wiser to put this off until Sacramento has met its other obligations, including the welfare of its citizens during these profoundly hard times, instead of contributing to the coffers of irresponsible owners, overpaid players, and developers who are just barely able to tread water these days....