Wednesday, October 12, 2005

Shocker: Tsakopoulos Wants to Build Homes

The Bee has the story on Angelo K. Tsakopoulos's new plan to get the Maloofs their arena. It involves developing land in eastern Sac County - property that is earmarked as open space.

This sped-up development would raise funds to build a new arena for the Kings in North Natomas. A similar plan got killed last spring when Angelo's fellow landowners balked at contributing 20 percent of their home-selling profits.

Tsakopoulos is a magnificently hungry power broker, for those unfamiliar with him. He has the money, land and connections to essentially do want he wants, and though sources in the Bee story say such a plan is far-fetched (a recently approved growth plan doesn't call for homes on AKT's land in eastern county).

That the tribes are involved in this plan is interesting, too. They are a big source of funds, though it's unclear how they will contribute to any arena plan. And the Maloofs certainly don't seem to be counting their eggs yet. So, you know, grain of salt.

Will Sacramento get an ultimatum this year? I'd guess yes, and I'd venture that the ultimatum will be 2008.

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Editor:
Tom Ziller

The Sacramento Kings are a tough act to follow, literally.

SKB does the dirty work so you can forget about the blood, sweat and tears.

Oh, you'll still need the tears in April, though.

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