As reported by Ryan Lillis of the Sacramento Bee, a group of Sacramentans will be on the streets of Anaheim seeking enough signatures for a ballot referendum to delay the issuance of $75 million in bonds that could lure the Sacramento Kings to Anaheim.
Just this past Tuesday, the Anaheim City Council unanimously voted 5-0 to approve the issuance of said bonds. The bonds are backed by Anaheim Ducks owner Henry Samueli.
But that hasn’t stopped a small group of local businessman and a former politician from funding the campaign. The campaign has been dubbed the Committee to Save the Kings.
Attorney Jeff Dorso, part of the campaign, had this to say:
The Committee believes the taxpayers of Anaheim have good reason to object to their city issuing bonds, placing Anaheim at risk, solely to facilitate a private loan between the billionaire operator of the Honda Center and the Kings’ owners – who may be in financial distress.
If the campaign is successful, it could delay the issuance of bonds long enough to prevent a Kings move to Anaheim.
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