Re "Mayor assembles group that aims to buy Kings" (Our Region, Jan. 18): Keeping the Kings and building a new arena benefits the public if the price is right.
Selling public parking to raise revenue requires caution. Chicago, the only city to have done this, is illustrative. Parking rates have increased fourfold; downtown rates are now $6 per hour and apply 24 hours a day and 7 days a week. The owners are suing the city in two actions totaling $25 million. Both suits involve lost revenue, the first around street repairs that prevent parking and the second for free parking for the handicapped issued by the city, which is now considering abandoning the free spots.
Imagine similar suits for new bus stops or bike lanes. Sacramento could be limited in future policy decisions. Chicago's leaders now believe they negotiated too low a price for a terrible deal. Can Sacramento's leaders do better?
-- Peter Feeley, Sacramento