Press Releases



March 28th, 2013

 

Mayor Kevin Johnson and Think BIG Celebrate Strong Corporate Support for Kings

 

In meeting with Mayor, Local Companies Re-Affirm $50M Commitment to Keeping Kings in Sacramento

 

SACRAMENTO, CA – Today, Mayor Kevin Johnson met with a group of 25 local companies and organizations who have collectively pledged $50 million in sponsorships for the Sacramento Kings’ first five seasons in a new entertainment and sports complex (ESC).

 

"Once again, our corporate community has come through in the clutch," said Mayor Johnson. "This group – representing companies across our entire region – understand the critical role that both the NBA and new downtown entertainment and sports complex will play in promoting job creation, economic growth, and civic pride in our community. I applaud their exceptional leadership and powerful demonstration of just how strong and viable our market is."

 

The companies represent a diverse cross-section of Sacramento’s corporate base, representing a range of industries, sizes, and locations across the Sacramento region.

 

The $50M in pledges will be a key part of the Mayor’s message when he leads a Sacramento delegation to New York to present to the National Basketball Association on April 3. That presentation, expected to be shared before the NBA’s Joint Relocation and Advisory Finance Committee, will play a key role in the final decision on the Kings’ fate expected by the NBA’s Board of Governors during their April 18-19 meetings.

 

This is the second time that the Sacramento corporate community has stepped up in an effort to save the Sacramento Kings from relocation. In 2011, over 30 businesses stepped forward to pledge $10 million in sponsorships over a two-week period. This show of corporate strength played a critical role in persuading the Kings not to follow through with an effort to relocate to Anaheim. Many of the business that participated in the 2011 effort are once again pledging their support.

 

Today's announcement comes on the heels of yesterday's successful City Council vote to approve a term sheet for a new entertainment and sports complex at the Downtown Plaza. The City agreed to partner with an investor group led by Ron Burkle, Mark Mastrov, and Vivek Ranadive to build a $448 million facility. The deal is expected to revitalize downtown Sacramento, creating at least 4,000 jobs and $7 billion in economic impact for the region over 30 years.

 

The pledges made by the companies are contingent upon the Kings franchise remaining in Sacramento under new ownership and the completion of a new ESC. Specific terms of the sponsorship pledges would be finalized following subsequent discussions between the companies and the Kings to ensure optimal value for all parties.

 

Think BIG is a regional initiative launched in 2011 to facilitate construction of a new entertainment and sports

 

complex that promotes job creation, economic growth, cultural development and civic pride across the greater

 

Sacramento metropolitan area. Think BIG is a project of the Sacramento Public Policy Foundation.

 

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July 9th, 2012

FOR IMMEDIATE RELEASE: Think BIG to Explore Job Creation and Economic Benefits of Major League Baseball

June 7th, 2012

FOR IMMEDIATE RELEASE: Think BIG Announces New Leadership Team

April 15th, 2012

Open Letter to Think BIG

February 26th, 2012

Sacramento Miracle Talk of Town in Orlando

February 25th, 2012

Think BIG Blog Entry by Chris Lehane

February 13th, 2012

Open Letter to Chris Hansen

February 13th, 2012

FOR IMMEDIATE RELEASE: Statement Regarding Chris Hansen's Tactics

January 26th, 2012

FOR IMMEDIATE RELEASE: Purple Swat Team to Support Think BIG

December 8th, 2011

FOR IMMEDIATE RELEASE: Think BIG Hears Benefits of P4 from Parking Experts

November 11th, 2011

FOR IMMEDIATE RELEASE: Former Kansas City Mayor Discusses Arena Impacts in Sacramento

November 10th, 2011

FOR IMMEDIATE RELEASE: Think BIG Announces Winner of Design Competition

November 3rd, 2011

FOR IMMEDIATE RELEASE: Think BIG Hosts Community Meeting to Discuss Parking Lease

October 28th, 2011

FOR IMMEDIATE RELEASE: Think BIG Focuses on Building a Sustainable Arena

September 8th, 2011

FOR IMMEDIATE RELEASE: Nexus Report Outlines Funding Plan for New Entertainment and Sports Complex

September 1st, 2011

FOR IMMEDIATE RELEASE: Think BIG Releases 'Jobs ASAP' Report

August 26th, 2011

FOR IMMEDIATE RELEASE: Think BIG Releases 'Sacramento Region Jobs First Compact'

August 18th, 2011

FOR IMMEDIATE RELEASE: Think BIG Identifies User Fees as a Major Funding Mechanism

August 17th, 2011

FOR IMMEDIATE RELEASE: Think BIG to Unveil Funding Plan at Sacramento Press Club

August 10th, 2011

FOR IMMEDIATE RELEASE: Think BIG Launches Citizen Architect Design Competition

August 9th, 2011

FOR IMMEDIATE RELEASE: Experts Conclude that Intermodal Facility and Sports Complex Can 'Fit Well' at Railyards Site

July 28th, 2011

FOR IMMEDIATE RELEASE: Think BIG Identifies Sources of Untapped Revenue

July 26th, 2011

FOR IMMEDIATE RELEASE: Think BIG Turns Sights on Natomas

July 21st, 2011

FOR IMMEDIATE RELEASE: Regional Chambers Sign on in Support of Think BIG

July 14th, 2011

FOR IMMEDIATE RELEASE: Think BIG Releases 'Capitol Corridor Impact Report' During Tour Tipoff

July 8th, 2011

FOR IMMEDIATE RELEASE: Jeremiah Jackson Named Project Manager of Think BIG

July 7th, 2011

FOR IMMEDIATE RELEASE: Think BIG Recruits Citizen Architects

June 30th, 2011

FOR IMMEDIATE RELEASE: Downtown Entertainment and Sports Complex to Generate $7B for Region

June 14th, 2011

FOR IMMEDIATE RELEASE: Here We Build Releases Summer Event Calendar

June 13th, 2011

FOR IMMEDIATE RELEASE: Here We Build Announces Committee Members and First Public Meeting

May 26th, 2011

FOR IMMEDIATE RELEASE: ICON-Taylor Team Present Feasibility Study for New Entertainment and Sports Complex in Sacramento