SACRAMENTO, CA - It's not surprising news, but the Taylor/ICON group has announced it will not complete its arena feasibility study until the Maloof brothers make a decision on whether they are keeping the Sacramento Kings in town or moving to Anaheim.
In early February, developer David Taylor and the ICON Group were tasked by the Sacramento City Council to perform the study; they were given 90 days to do it.
Taylor/ICON spokesman Adam Mendelsohn said Saturday since the group isn't getting paid for the study, it cannot dedicate time and resources to two studies, one that involves the Kings and one that does not, which may push back that 90-day deadline.
"Creating what is called a feasibility analysis, or a financing plan, is a lot of work and takes a lot of time," Mendelsohn said. "So creating
two plans isn't realistic."
The Maloofs are scheduled to meet with the NBA during a Board of Governors meeting April 14 and 15 about filing a relocation request to move the team to Anaheim.
"It doesn't make a lot of sense to produce a plan until the Kings make a decision, because their decision is going to play a huge role in what the financial plan looks like," Mendelsohn said.
Mendelsohn said Taylor/ICON was originally scheduled to present its findings to the Sacramento City Council in May, but now there is no firm date.
We are absolutely committed to getting the city a plan that will get an
arena built," Mendelsohn added. "We will have this plan done as quickly as possible and it
will present a clear path to getting a new arena."
By Nick Monacelli, firstname.lastname@example.org