Ready to walk to the end of the hall
Governors of states and mayors have become hostages in the hands of billionaire groups who use threats and promise to leave to obtain public funding for building larger, more elaborate, and sometimes over-exaggerated facilities
In recent years Sacramento fans have become accustomed to the fact that they lead nothing, unless it is chaos. The team, which is considered one of the blackest holes in the NBA and is synonymous with a failed management culture, is still looking for the path to professional success – and as long as Derrickos Cazins is in the car, one can believe that it will eventually find it too. The first step to success is in the city center, where what is supposed to be the most advanced basketball court in the world is now being built.
The change in question has not yet affected what is happening on the park, but it began as early as May 2013, when Yavak Rannadiv, an American Indian billionaire who made his fortune as a software engineer, purchased the club. Golden 1 Center is the name of the new hall, which is currently being built in downtown Sacramento, at a cost of $ 550 million, which will jump to more than $ 1 billion if one considers the businesses and residences to be included in the huge complex Which according to the plan is supposed to change the face of the capital of California.
The auditorium will contain 17,500 seats for viewers to enjoy the best of technology. In addition to graphic interfaces connected directly to the various social networks, green building will correspond with the vegetation of the region, huge hanger doors that welcome the visitors and lead to a public square overlooking a luxury hotel and a board that will hurt the eyes.
“We are helping Sacramento to become the city of the future,” Rannadiv told NBC radio in Sacramento. “Once the fan enters the compound, our smart system will recognize him if he wants to, and it will be his job to follow his whim.” She would do more, when she led him to his chair and knew which food he preferred. “This will be the smartest and greenest building in the world,” continues Rannadiv, who will also provide practical solutions such as information about the services with the shortest turn, how long it will take to buy a cup of cola and the estimated time of departure at the end of the game.
While Chernadiv boasts of his team’s new and smart home, which is expected to be ready in 17 months, not everyone is satisfied with the ostentatious project, which is largely financed by public money. Funding for the sports stadiums has been in the headlines in the United States in recent years. While supporters argue that the money is directed to theaters and stadiums that encourage the economy and develop social and cultural life, opponents say there is no reason why countries and municipalities, most of which are in deficit, will finance sports halls owned by billionaires.
The studies support the opponents’ position. While a new room may have a positive effect on trading in nearby areas, it is difficult to find the same effect in areas far from it. A recent study in Forbes examined the impact of the baseball stadiums built in Baltimore, San Diego, San Francisco, Denver, and Seattle on the local economy for 25 years. The study found no evidence that the stadiums improved the local economy, given that the money allocated for the construction could have been invested in more appropriate channels such as education, welfare and housing.
“We’re building a hall for two of the richest people in the United States,” said Jonathan Brustoff, a Wisconsin lawmaker, to the New York Times. “If aliens came here and saw what was happening, they would say, ‘What the hell are you doing? ‘”. “The owners of the group acted as if they had no obligation to the local people,” added David Bowen, also from the Wisconsin Commons. Tim Shea, the head of the Milwaukee Chamber of Commerce, believes that the hall in the city will soon contribute to the city’s life, and not necessarily in the economic context: “It gives the city an identity and uniqueness,” he explained. Which only a few weeks earlier had signed a $ 250 million cut in the University of Wisconsin budget.
Milwaukee is just the latest example of a city that has succumbed to billionaire demands and has given them hundreds of millions of dollars. While in Sacramento, Rannadiv enjoyed the support of Mayor Kevin Johnson, a former NBA player, the Bax owners, Wesley Addens and Mark Lasry, had to threaten to receive government money. The two really did not invent the method. Most of the sports stadiums in the top four leagues were established with public funding. Forbes reported that between 2000 and 2010, the American public invested at least $ 12 billion in halls and tools. As well as the profits already generated from the halls – mainly through sponsorship agreements and franchises for food sales – from the groups’ collections to their pockets. The only payment that the state receives back is annual fees, which will cover the investment in hundreds of years.
While the owners of sports teams in the United States enjoy both lucrative and lucrative business and public funding that helps them increase future revenue, state governors and mayors remain hostage. In recent years, NBA players have begun to play a special game – “Give me a hall, or I leave for Seattle,” call it, and billionaires, as the billionaires do, do not stop forever.
No public figure is interested in signing the departure of a professional sports team. Seattle is still struggling to recover from the SuperSonics’ departure in 2008, and Los Angeles has yet to overcome the departure of Rames in 1995. Therefore, these two cities are used as leverage by group owners. “Who will be the next group to pretend to be going to Seattle unless the city does not pay for its shiny new room?” Bill Simmons said on Twitter. “It’s amazing that 2015 billionaires are still able to push cities and countries to build them.” As it seems, this crooked reality is unlikely to change anytime soon.