"ANAHEIM – The City Council on Tuesday approved the issuance of $75 million in bonds, a move that lays the groundwork for the Sacramento Kings basketball team to move to Anaheim's Honda Center next season.
In a vote that Mayor Tom Tait called "historic," the council voted unanimously for the bonds: $25 million for upgrades to the city-owned Honda Center, and $50 million in working capital, money that could help pay for the Kings' relocation fees."
I guess I'm very confused how this is much different. I understand that they are not subsidizing the cost for an owner to obtain a team, but in a sense they kind of are... Shouldn't relocation fees be paid by an owner? And if so, wouldn't the city of Anaheim be subsidizing a professional team in order to hopefully boost revenues and job growth in their city? Maybe GWI could focus their efforts on the legality of this bond sale and decide once and for all what they want to do with the one affecting our team. I'm at the point where I do not feel like the Coyotes deal is going to happen, and I almost want to start a class-action lawsuit against GWI for making a deal nearly impossible. Sue on what grounds you ask? The same ones that GWI has threatened with. "I think that what they have done is likely to be illegal, but I don't know for sure yet so I need more time and more documents, and no I will not talk to them about it, but I will parade around and talk to anyone else willing to listen to me to garner support for "my cause"(which I and everyone else knows is for myself)". Hey, whatever works right?
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