As this story from the Sacramento Bee reports, it will help Old Town, and, we also believe, it will help the Parkway.
Old Sacramento, where the city has fought back floods and fires for 160 years, is facing new challenges from all sides.
At one end, city officials are moving ahead with a plan to tear out the district’s historic-looking riverfront boardwalk. Disability access issues and rising maintenance costs have prompted city officials to spend $5 million to replace the railroad ties that make up the boardwalk with a more modern, durable surface.
While that work is underway, the city expects to start building a new $448 million NBA arena three blocks east of Old Sacramento.
Business owners, restaurateurs and city officials say they’re confident the arena will be a boon to Old Sac, but they also worry about negative impacts. Some say cars streaming in for arena events could clog the access points for Old Sacramento. A city report predicted some businesses could take a financial hit because of “a real or perceived lack of parking.”
City officials say they are making an unprecedented investment in Old Sacramento, where an estimated 3 million visitors eat, shop and stroll each year. More than $20 million has been dedicated in the coming years for infrastructure and transportation projects that officials said would help the district thrive.
Retrieved April 7, 2014 from http://www.sacbee.com/2014/04/07/6300801/old-sacramento-faces-new-challenges.html