This column by Marcos Breton nails the impact, and the singularity, of the new arena on downtown.
What’s the alternative to building an arena in downtown Sacramento?
There isn’t an alternative – not a real one, anyway. No competing project is being nudged out by the arena. No other prospective entrepreneur is committing millions of dollars to a section of downtown Sacramento that has been bleak for decades.
Only one serious bidder aims to do something at the dismal Downtown Plaza shopping mall – Vivek Ranadive and his team of owners with the Kings.
People can argue that Sacramento is investing too much – $258 million – in the arena project. They can claim the city is undervaluing the price of the land, though that’s in dispute.
What’s missing from the arena debate is an acknowledgment that there is no otherreal or tangible proposed deal between the Kings and Sacramento.
The prospect of the new arena transformed Tuesday’s annual gathering of downtown business owners at the State of Downtown breakfast at Memorial Auditorium. A sellout crowd swooned over renderings of the arena – and not only because the building seems dynamic and transformative. The arena represents the biggest news for downtown that anyone could remember.
Retrieved January 29, 2014 from http://www.sacbee.com/2014/01/29/6110000/kings-arena-is-the-only-real-plan.html#