<div class="quote_poster">Quote:</div><div class="quote_post">The NBA has settled on Cal Expo as the preferred location for a new Kings arena, according to sources familiar with the league's behind-the-scenes effort to build the team a new home in Sacramento. Despite its location on one of Sacramento's worst freeway bottlenecks, Cal Expo appeals to the NBA because it offers a ready supply of vacant land and a name already recognized as an entertainment destination, said the sources, who asked not to be identified because the league hasn't yet unveiled its proposal. NBA Commissioner David Stern has said he will reveal his plan for a new arena about the time the basketball season starts this fall. League consultant John Moag, who is in charge of the effort, said he will come to Sacramento later this month to brief elected officials on his progress. Moag would not publicly detail the NBA's ideas for Sacramento, but said the proposal is taking shape. "There's a lot of discussion that has to go on, but I think we're very quickly getting to the point where we can roll up our sleeves and see if we can work something out," Moag said Tuesday. "The commissioner has kind of set the first part of November as a target date for having something wrapped up. I think that's realistic." Assistant City Manager John Dangberg, the lead city staff member on arena issues, said Moag confirmed to him Tuesday that he will be in Sacramento the week of Sept. 17.</div> Source: Sacramento Bee
whoa... how wild. Come in for a bit to catch up and the whole dang site was moved....lol... oh well, enough of that, on to the information. This may have a much greater chance of getting done than any of the previous attempts. All of the downtown ideas just never panned out and the idea of trying to fund this with public money is just not working. this one appears to be using bonds rather than the normal public financing. I cant say for sure thats the way its going to be presented as they are not really quick to say exactly how they are planning on financing it, but I did see an interview last week with the NBA and the General Manager for CalExpo discuss that bonds would be the most likely way to go about this.</p> As for the location, yes... that is a really bad traffic area... anyone that has tried to either go to the state fair (which is annually held at CalExpo), gone christmas shopping at the nearby shopping mall or just had to drive through there at rush hour will know that the area is just BAD when it comes to traffic.</p>
