1. Virginia Beach may be the biggest city in Virginia, but it's smaller than Sacramento and a much s

NEW YORK - JUNE 04: George Maloof talks during the Maloof Money Cup ribbon cutting holiday inns florida directory ceremony holiday inns florida directory on June 4, 2010 at Flushing holiday inns florida directory Meadows Corona holiday inns florida directory Park in the Flushing neighborhood of the Queens borough of New York City. (Photo by Jared Wickerham/Getty Images)
holiday inns florida directory The owners of the Sacramento Kings , an NBA franchise, and officials from Philadelphia-based holiday inns florida directory Comcast-Spectacor are expected to be in Virginia holiday inns florida directory Beach Tuesday to propose moving the team to the resort city and for Comcast to help build and lease a new pro sports arena.
A deal between the Maloof family, which owns the Sacramento Kings, and the city of Sacramento for a $391 million entertainment complex fell apart three months ago and it has been reported that the owners are looking for a city for their franchise.
Media giant Comcast will guarantee a 25-year lease on a new arena, supposedly for naming rights and for broadcasting holiday inns florida directory the games, sources said. Comcast owns NBC and Global Spectrum, which operates arenas holiday inns florida directory and stadiums across the country including the Ted Constant Convocation Center at Old Dominion University.
The article goes on to say that the Arena would be financed by a local $1 hotel tax hike and that concert promoter Live Nation (AEG's biggest competitor) holiday inns florida directory is associated with a possible deal. There is also a quote from Virginia Beach Mayor Will Sessoms that says a hotel would be built by owners of the sports team that would come.
1. Virginia Beach may be the biggest city in Virginia, but it's smaller than Sacramento and a much smaller media market. The Hampton Roads area has approximately 1.6 million people, about half of the Sacramento metropolitan holiday inns florida directory area. Sacramento is also the 19th largest media market in the country, while the Norfolk area is 42nd. ( Source )
4. The Maloofs would not announce a move 2 months prior to the season starting, particularly to a city where no arena has been built. Ticket sales would absolutely plummet, boycotts would start, etc.
5. David Stern very recently said that if the Kings wanted to move to Anaheim, holiday inns florida directory they would not be allowed to. That's in one of the biggest media markets in the country, and one with an arena already built.
7. About a billion different things need to happen holiday inns florida directory before a team can move. The team must apply to relocate, the Board of Governors needs to approve, a new arena needs to be built, numerous contracts need to be signed. None of this has happened yet.
The statement was echoed by team spokesman Eric Rose: "George said it best, we have been approached by several cities over several years about moving the Kings and we will not comment other than that."
"The Kings organization over the last several years has been approached by numerous parties and cities interested in buying and relocating the franchise. The franchise is not going to discuss which cities have approached the organization and are not going to comment on every rumor. The sole focus of everyone within the Sacramento Kings organization continues holiday inns florida directory to be to put a winning team on the court as we look forward to what promises to be an exciting 2012-13 NBA season."
Comcast Spectacor, through several of our subsidiaries, and Live Nation, both of which have a substantial presence in Southeastern Virginia for many years, are always looking for new opportunities to expand our business in the area. We will refrain from making any comments until we are in Virginia Beach on Tuesday.
At our presentation on Tuesday we will elaborate our collective plans for a new arena. Despite preliminary reports, no specific professional sports team from any league has been identified as the potential tenant for this building.