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Thursday, October 23, 2008

Kings arena/Cal Expo development economics to be analyzed

from yesterday's Sacramento Bee (10/22):

Kings arena plan for Cal Expo expected within 90 days
NBA TO ORDER STUDY OF CAL EXPO PROPOSAL

mlvellinga@sacbee.com
Published Wednesday, Oct. 22, 2008

"The NBA and Cal Expo expect to produce a plan within 90 days to build a new Kings arena at the state fairgrounds, an NBA consultant said Tuesday.

Representatives of the league and Cal Expo have spent five months working on a conceptual blueprint for the revamping of Cal Expo into a "village" with a modern fairgrounds, arena, housing, office, entertainment and retail uses.

Now the NBA will commission a study to examine the plan and tweak it so that it's financially feasible.

That study should take about two months, said John Moag, the NBA's point man on the arena.

He expects to be back before the Cal Expo board in December or January. At that point, the board will decide whether to solicit developer proposals to execute the plan for the 360-acre fairgrounds." ...

for the complete story

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