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Group halfway to halting Anaheim bonds issuance

by Brandon Darnell, published on April 8, 2011 at 5:19 PM

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An 11th-hour effort to block bonds being issued to the Sacramento Kings from the city of Anaheim is well under way – and could theoretically block a move pending a June, 2012 election.

“(The $75 million bond issuance) was a quick deal, and the citizens (of Anaheim) will have an interest in reviewing that,” said Jeffrey Dorso, a Sacramento attorney working with the Committee to Save the Kings.

The movement includes former Sacramento City Councilman Robbie Waters, who gave a donation to kick off a signature collection drive that needs about 10,000 signatures to potentially block the bonds, Dorso said.

Arno Political Consultants of Carlsbad, Calif., have already collected about half the required signatures, said Kellen Arno, an associate with the company.

“The signature drive is going well,” he said. “We started last Friday. We are a little bit more than halfway done.”

If the required signatures are collected within 60 days of the Anaheim City Council decision to approve the bonds, the effort would have to be approved by Anaheim’s citizens in an election.

Dorso said state law allows citizens to gather signatures for referendums such as this.

The next scheduled election the measure could be placed on a ballot is June, 2012, Dorso said, adding that Anaheim could call a special election, but it would be costly.

Calls to officials in Anaheim were not returned Friday afternoon.

Even if the signatures are collected and the bonds are not issued to the Sacramento Kings, there is no way of stopping the money being issued through private lenders.

“The big pitfall is that it could happen regardless,” Dorso said. “They could come up with other ways to fund the $75 million.”

Dorso is a resource and development attorney and Sacramento native who wants to keep the Kings in Sacramento.

“It’s much bigger than basketball,” he said. “It’s about jobs, business and keeping business in Sacramento. It’s not an emotional issue.”

Putting a stop to the public bond measure in Anaheim could possibly keep the Kings in Sacramento, which would give the region more time to come up with options for keeping the Kings here, Dorso said.

Arno said most areas only allow 30 days to collect signatures for referendums, but Anaheim’s city charter allows for 60 days, giving them more time.

“If we get the signatures, those bonds are not available until the election,” Dorso said. “Regardless of the NBA’s actions, the NBA can’t trump state law.”

Brandon Darnell is a staff reporter for The Sacramento Press. 

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April 10, 2011 | 4:39 PM
What a childish move. First the city goes crying to Steinberg to get him to try and pass legislation to prohibit cities from competing for sports franchises and now these other whiners want to interfere in the actions of another city. Get over it Sacramento - the Kings are gone. These are types of moves that make Sacramento a joke in the rest of the state.
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April 10, 2011 | 10:32 PM
well thats just like, your opinion man.
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April 11, 2011 | 8:16 AM
Great move...this is an example of private sector leadership in Sacramento stepping up to provide the City some leverage.
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April 12, 2011 | 11:46 AM
Seems like the private sector and local government is finally comprehending what a Kings move will do for the area. It's probably too little too late, but positive to see a fight. The last thing Southern California needs is another professional sports team, and the "magoofs" have been been waiting for an change to move the Kings, so it's not a shock this fight was brewing. Sadly, it does seem like the Kings are pretty much out the door.
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April 12, 2011 | 1:02 PM
Whatever the outcome, I'm glad that private citizens are stepping up to provide leadership in the effort to keep the Kings in Sacramento.
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April 17, 2011 | 8:49 AM
What's stopping Sacramento from claiming the Kings by eminent domain? The city did that with much of the lower part of K street? If it's good for the region, why can't the city make that argument for eminent domain over the Kings given the money the Maloofs owe the city on the arena? I wonder what the Kings valuation would be if the team were to be used for collateral for that debt? From all accounts it sounds like the Maloofs are in default.
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April 26, 2011 | 9:21 AM
The debt owed the city by the Maloof's would be a good start into making the Kings a non-profit, community-owned franchise.

If there would be opposition by the Maloof's eminent domain proceedings could be launched.

Let's start running our local government more like corporations.
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