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Originally Posted by rck2sactown
Whats the news on the arena.......................................
[h1]Council chooses developer Taylor to analyze arena feasibility[/h1]
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By Ryan Lillis
[email protected]
Published: Wednesday, Feb. 9, 2011 - 12:00 am| Page 1B
Last Modified: Wednesday, Feb. 9, 2011 - 1:15 pm
In 90 days, Sacramento City Hall is counting on having a clear idea about whether building a new sports arena in town is realistic.
The City Council voted unanimously Tuesday night to spend the next three months working with downtown developer David Taylor and arena builder ICON Venue Group in analyzing the financial feasibility of building a new sports facility.
After that study is complete, city staff will conduct its own analysis and bring it back to the council. The financial feasibility study will be free for the city.
Taylor said his first task would be trying to meet with the Kings, a process he said he would start this morning. Team ownership has stopped speaking publicly about the arena process.
Mayor Kevin Johnson said, "it seems to me (the Kings) would sit down with them."
"I think we sent a very strong and resounding message to the NBA and the Kings today that it's a new day in Sacramento," the mayor said. "Give us a chance because I think we've got the right team. It's a vote of confidence for the Kings when they hear that council voted 9-0 and we selected this group."
Taylor is among the most successful developers in downtown Sacramento. His projects include the 25-story U.S. Bank Tower on Capitol Mall, the 500-room Sheraton Grand Hotel on J Street, the 23-story Esquire and Imax building on K Street and the new City Hall, where Tuesday's vote took place.
ICON, based in Colorado, has built more than two dozen arenas and stadiums around the world, including Denver's Pepsi Center and the Sprint Center in Kansas City.
A mayoral task force last month recommended the council work with the Taylor/ICON group. Johnson arranged for Taylor and ICON to join forces in December.
Taylor told the council Tuesday that this is a pivotal time for the city as it grapples with the issue. He said downtown would be the most beneficial site for an arena.
Tim Romani, the president and CEO of ICON, said that Arco Arena has become antiquated and that it was "no longer economically and culturally viable."
While stopping short of placing a cost estimate on a new arena, Romani told the council, "If you're planning on spending $600 million, we can build you two (arenas)."
Taylor has been the most vocal of the developers in his belief that the construction of a new arena would likely involve some form of public contribution. He said Tuesday he would prefer to look at public contributions that would not require a vote or new general tax, including public land donation and car rental taxes.
Councilman Steve Cohn said, "given the team (Taylor and ICON) had put together, we can get some straight answers."
"I'm pretty jaded on the subject, but I want some straight answers on what does it take in today's economy to put together an arena," he said.
Three other development teams submitted their qualifications to conduct an arena analysis.
They were:
• A team led by downtown businessman Ali Mackani and McClellan Park developer Larry Kelley. They proposed building an arena at the site of the current Downtown Plaza shopping center.
• A group headed up by developer Gerry Kamilos, who proposed redeveloping part of the Cal Expo state fair site and land surrounding Arco Arena to help pay for a new arena downtown.
• The Natomas ESC team, which proposed building a new arena next to Arco and developing the surrounding land into retail, housing and offices.
Assistant City Manager John Dangberg said that instead of agreeing to work with a developer on a specific arena plan, "the primary focus really should be on how a facility would finance given the economy."
[emoji]169[/emoji] Copyright The Sacramento Bee. All rights reserved.
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Call The Bee's Ryan Lillis, (916) 321-1085.
Originally Posted by rck2sactown
Whats the news on the arena.......................................
[h1]Council chooses developer Taylor to analyze arena feasibility[/h1]
Share
By Ryan Lillis
[email protected]
Published: Wednesday, Feb. 9, 2011 - 12:00 am| Page 1B
Last Modified: Wednesday, Feb. 9, 2011 - 1:15 pm
In 90 days, Sacramento City Hall is counting on having a clear idea about whether building a new sports arena in town is realistic.
The City Council voted unanimously Tuesday night to spend the next three months working with downtown developer David Taylor and arena builder ICON Venue Group in analyzing the financial feasibility of building a new sports facility.
After that study is complete, city staff will conduct its own analysis and bring it back to the council. The financial feasibility study will be free for the city.
Taylor said his first task would be trying to meet with the Kings, a process he said he would start this morning. Team ownership has stopped speaking publicly about the arena process.
Mayor Kevin Johnson said, "it seems to me (the Kings) would sit down with them."
"I think we sent a very strong and resounding message to the NBA and the Kings today that it's a new day in Sacramento," the mayor said. "Give us a chance because I think we've got the right team. It's a vote of confidence for the Kings when they hear that council voted 9-0 and we selected this group."
Taylor is among the most successful developers in downtown Sacramento. His projects include the 25-story U.S. Bank Tower on Capitol Mall, the 500-room Sheraton Grand Hotel on J Street, the 23-story Esquire and Imax building on K Street and the new City Hall, where Tuesday's vote took place.
ICON, based in Colorado, has built more than two dozen arenas and stadiums around the world, including Denver's Pepsi Center and the Sprint Center in Kansas City.
A mayoral task force last month recommended the council work with the Taylor/ICON group. Johnson arranged for Taylor and ICON to join forces in December.
Taylor told the council Tuesday that this is a pivotal time for the city as it grapples with the issue. He said downtown would be the most beneficial site for an arena.
Tim Romani, the president and CEO of ICON, said that Arco Arena has become antiquated and that it was "no longer economically and culturally viable."
While stopping short of placing a cost estimate on a new arena, Romani told the council, "If you're planning on spending $600 million, we can build you two (arenas)."
Taylor has been the most vocal of the developers in his belief that the construction of a new arena would likely involve some form of public contribution. He said Tuesday he would prefer to look at public contributions that would not require a vote or new general tax, including public land donation and car rental taxes.
Councilman Steve Cohn said, "given the team (Taylor and ICON) had put together, we can get some straight answers."
"I'm pretty jaded on the subject, but I want some straight answers on what does it take in today's economy to put together an arena," he said.
Three other development teams submitted their qualifications to conduct an arena analysis.
They were:
• A team led by downtown businessman Ali Mackani and McClellan Park developer Larry Kelley. They proposed building an arena at the site of the current Downtown Plaza shopping center.
• A group headed up by developer Gerry Kamilos, who proposed redeveloping part of the Cal Expo state fair site and land surrounding Arco Arena to help pay for a new arena downtown.
• The Natomas ESC team, which proposed building a new arena next to Arco and developing the surrounding land into retail, housing and offices.
Assistant City Manager John Dangberg said that instead of agreeing to work with a developer on a specific arena plan, "the primary focus really should be on how a facility would finance given the economy."
[emoji]169[/emoji] Copyright The Sacramento Bee. All rights reserved.
Share
Call The Bee's Ryan Lillis, (916) 321-1085.
Originally Posted by nicedudewithnicedreams
Same ++$ every season. Let me know when there is a pic on the front of the Bee with the Maloofs holding shovels.
Originally Posted by nicedudewithnicedreams
Same ++$ every season. Let me know when there is a pic on the front of the Bee with the Maloofs holding shovels.