Questions Remain About New Arena Plan
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SACRAMENTO (CBS13) — Fresh details about the proposal for a new Kings arena have answered some questions about a possible future for the franchise, but shed light on some glaring concerns.
The location of the proposed arena is on top of city land at the Sacramento railyards, which has already been designated for a $50 million transportation hub called an intermodal.
The arena would be nearly double the size of Power Balance Pavilion, making it too large to simply build next to the train and bus depot.
“Obviously that’s going to be a big topic of discussion because the intermodal has to go somewhere,” said Councilman Rob Fong.
The plan’s $387 million complex wouldn’t include a parking structure, which would have added another $70 million to the price tag.
Representatives for Mayor Kevin Johnson pointed out that nearly 8,000 parking spots are available on the street within a half mile of the proposed arena site. The expected capacity of the structure would be around 18,000.
The Maloofs said they can’t comment on the details of the plan until they see the results of the arena feasibility study due to be released Thursday. Reports indicate the Kings co-owners will announce they plan on being tenants of the arena and not the operators.