SACRAMENTO (CelebrityAcess MediaWire) — A contentious plan to develop a new arena for the the Sacramento Kings may finally be on track, the Sacramento Bee has reported.
The California State Fair Board, colloquially known as the Cal Expo board, voted unanimously on Wednesday to enter into a partnership with the NBA to develop a plan for developing a 360-acre plot of land under consideration for the arena.
The team will consider the potential profitability and possible shortcomings of the site which the Sacramento Bee described as "rural wasteland."
The site is currently housing the 40-year-old California State Fairgrounds complex and these facilities would be refurbed along with the construction of the new arena. The total price for the project has been estimated to be $650 million with $500 million for the arena and another $150 million for the rehab.
"The time has come to embark on a very serious effort," former Governor Pete Wilson told the Cal Expo board during the meeting. Wilson has been active in lobbying efforts for the new arena.
The envisioned facility would include a new arena for the NBA franchise Sacramento Kings along with new homes, offices, retail stores and restaurants. – CelebrityAccess Staff Writers