SACRAMENTO (CBS13) – A local developer says he is focused on organizing a plan that can build a new arena that will keep the Sacramento Kings in town for decades to come.
David Taylor said he is teaming up with a Colorado company, Icon Venue Group, who has built arenas across the country to construct a solid proposal for the City of Sacramento — or an honest answer that it can’t afford the arena.
The three-month process won’t produce a “magic bullet,” but the end result will be an honest assessment, Taylor said.
“We might say the gap is too big for the city and maybe we should just wait a while,” Taylor said.
Taylor’s team, put together a few weeks ago, is the top choice of Sacramento’s arena task force, above three other teams that have been working on their proposals for more than a year and have presented construction details and even financing plans.
Taylor doesn’t have a financing structure worked out at this point but said it will likely include some sort of public help.
“The minimal thing the city might be able to do for us is to contribute the land they own downtown in the railyards, as well as they and Maloofs donating the land they own in Natomas,” he said.
Taylor hopes to begin meeting with Kings co-owners Joe and Gavin Maloof soon to work out details of his proposal.
“My goal is to make sure there’s a reason the Kings stay in town another 30 years,” he said.