Re "Arena cost up, but not for city" (Page A1 April 22) As an unwilling, pending part-owner of a publicly financed arena a couple things came to mind about the revised agreement.
Regarding the new financial re-arrangement Russell Fehr, City Treasurer, stated the city will have a better credit rating and "It saves us money." No, Mr. Fehr. To save money on this white elephant is to not spend it in the first place.
Additionally, I am appalled to learn not only do the Kings not want the taxpayers to know how profitable the arena might be but the City of Sacramento is going along with the charade: "The Kings didn't want that," according to Assistant City Manager John Dangberg.
Something is rotten here. The millionaire and billionaire Kings owners need to pay for their own arena.
-- Richard Harrison, Sacramento