The site has been the center of promises of a Sacramento Kings arena and other possible development, but city officials say this will bring true transformation to the area.
Larry Kelly, who build Stanford Ranch in Rocklin and converted most of McClellan Air Force base to a business park, is set to purchase most of the railyards property.
A day after a monumental City Council vote in favor of the downtown arena project moving forward, the developer overseeing the project says he now fully expects the facility to be built.
Sacramento developer David Taylor, whose group earlier this week was approved by the City Council to build a new downtown arena, said Thursday that he’s upgraded the probability of the facility actually being built to “50-50.”
Would you be willing to walk a half-mile to go to a Sacramento Kings game or a concert? You might have to if the downtown sports and entertainment facility is built at the downtown railyards.
Plans for a new arena in Sacramento were presented to the public for the first time Thursday. Joe and Gavin Maloof were in the front row to see the new plan. It was the first time the Maloofs visited City Hall since the two sides took legal swipes at one another during the relocation talks.