Silver Optimistic About New Bucks' Arena PNC Arena Expansion Plans Revised Plans Advance For DC Soccer Stadium DePaul Arena Will Cost More Than Once Thought Reds Upgrading GABP Ahead Of All-Star Game Flames Close To Arena Announcement? Vegas Arena Could Be First With Retractable Roof Univ. Of Nevada Proposes Mackay Upgrades Facility Notes Saints' Benson Gives $11M To Pro Football HOF
SBD/Issue 86/Facilities & Venues
Sacramento Arena Task Force Open To All Seven Proposals
Published January 18, 2010
|Sacramento Arena Task Force Could
Combine Ideas From Several Proposals
TOO GOOD TO BE TRUE? In Sacramento, Marcos Breton wrote under the header, "Is Land-Swap Arena Proposal Too Bold For Sacramento?" It seems an "amazingly clever and innovative deal -- and too good to be true." Putting aside the "environmental questions and neighborhood opposition, it's unclear whether the state can sell Cal Expo to one group without putting it out to competitive bidding." Also, the new arena "would go up on city-owned land at the railyard -- though the city is headed to arbitration with the railyard developer over the value of that land." The developer, Thomas Enterprises, "has its own arena bid competing against the Kamilos plan." Breton noted Kings Owners the Maloofs are "on board" with an arena plan "for the first time," supporting the Kamilos plan. The new Kings arena at that location "would be paired with a new transit station that could be the hub of a revitalized downtown," and Cal Expo "could become a thriving commercial and residential area instead of a worn-out fairground." Breton: "It's a bold vision that transcends our sensible-shoes landscape" (SACRAMENTO BEE, 1/17). A SACRAMENTO BEE editorial stated it is "appealing that Arco could be reused as a Cal Expo exhibit hall, instead of tearing it down or building housing on this floodplain property." But there also are some "open questions about how this deal would be structured." The city "has lent the Kings" $70M, and Moag said the loan would be "retired" as part of the proposal. The NBA insisted that it is "not expecting the city to 'forgive' the loan," but the editorial wondered, "If not, what will be the source of funding for retiring this debt? And what would the city get out of this deal, in exchange for giving up land?" (SACRAMENTO BEE, 1/16).