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Christopher F Thornberg, PhD
Founding Partner Beacon Economics 
The Sacramento Kings and the Rail Yard Arena
 
Background and Bio
Beacon Economics
Christopher Thornberg is founding partner of Beacon Economics, LLC and an expert in the study of regional economies, real estate dynamics, labor markets and business forecasting.
Dr. Thornberg has established a reputation as one of California’s leading economic forecasters. He iscurrently chief economic advisor to the California State Controller's Office and serves as Chair of California State Controller John Chiang’s Council of Economic Advisors –the body that advises the state’schief fiscal officer about emerging economic issues.
Dr. Thornberg also serves on the advisory board of Paulson & Co.Inc., one of Wall Street’s mostsuccessful hedge funds. He has been involved in a number of special studies measuring the effect of important events on the economy. These include the NAFTA treaty,the California electricity crisis, portsecurity, California’s water transfer programs, and the terrorist attacks of September 11, 2001.
Prior to launching Beacon, he was an economist with UCLA’s Anderson Forecast where he regularly authored economic outlooks for California, Los Angeles, and the East Bay. He also developed a number of specialized forecasts for various regions and industries. Previously he has taught in the MBA program atUC San Diego’s Rady School of Business, at Thammasat University in Bangkok, Thailand, and has held afaculty position in the economics department at Clemson University.
Dr. Thornberg holds a Ph.D in Business Economics from The Anderson School at UCLA, and a B.S. inBusiness Administration from the State University of New York atBuffalo.
 
Three Worrying Assumptions
Ticket Revenues
 Assumptions for gate receipts unrealistically high
No accounting for club seats cannibalization of non-premium ticket sales
Sacramento Fiscal Situation
City’s finances are currently in dire shape
Critical funding needs not being addressed
Unrealistic expectations of the potential financial windfall could turn thisarena into a white elephant
Construction Time / Funding
CEQA, infrastructure, historic preservation, permitting, taxpayer revolts
 Will the arena be built by the 15-16 season?
How will the almost-certain delays impact the financial viability of theproposed arena?
Beacon Economics2www.BeaconEcon.com
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