Newsletter

Sacramento, Calif., Mayor's Task Reviews Ideas, Sites for New Sports Arena

Hardy, Terri

2004

Overview

The task force, [Heather Fargo] said, is analyzing whether the land should be sold or leased, and whether it makes sense to look at a project that combines the 100 acres with 80 adjoining acres owned by Maloof Sports and Entertainment. The Maloof family owns the Sacramento Kings. Seven months ago, a Fargo-backed plan to build an arena for the Sacramento Kings in the downtown Union Pacific railyard was shelved after many business and political leaders objected to the use of the food and beverage surcharge and other public subsidies to pay for the facility. Fargo complained that there was a rush to judgment about the arena plan and has pushed for a more measured rollout with lots of public discussion and input. A few days later, the task force of prominent business leaders appointed by Fargo -- [Tony Giannoni], fellow developers David Taylor and David Bugatto and restaurateur Randy Paragary -- unveiled its recommendation to build a new arena at the east end of Westfield Shoppingtown Downtown Plaza to help revitalize a decaying section of K Street.

• Publisher: Tribune Content Agency LLC
• Subject: Art galleries & museums / Ault, Michael / Councils / Fargo, Heather / Funding / Giannoni, Tony / Meetings / Site planning / Stadiums / Task forces