<div class="quote_poster">Quoting :</div><div class="quote_post">A task force of Sacramento-area business leaders will begin meeting this month to develop its assessment on whether Arco Arena should be replaced and, if so, what funding strategies could be used to pay for a new facility. Crucial to the discussion will be the location of a new arena -- whether it should remain in North Natomas or be moved to Union Pacific's downtown railyard as part of a redevelopment effort, said Matt Mahood, president and chief executive officer of the Sacramento Metropolitan Chamber of Commerce, which is forming the task force. The team has an outstanding loan owed to the city of $82.6 million for Arco Arena, which, at 15, is considered old by NBA standards. "We need to look at what resources the Maloofs will require to remain competitive in Sacramento now and in the future, as well as what resources they have to help in the process," Mahood said. Another job will be to look at project costs. The funding report pegged the cost of an arena alone at $300 million, Mahood said. The $538 million total includes pricey infrastructure, such as roads, that would be needed only if the arena is built in the undeveloped railyard. Those costs wouldn't be a factor if a new arena were built at Arco's existing location.</div> Full Story Yes the arena is old, but it is the most electrifying arena in the entire league. I say keep it for a while longer, it's working well for the Kings.
15 year debt? Damn that is old. I think they should think about paying all of that off before they start thinking about a new place to play. I agree, Arco is electrifying. It's still one of the toughest places to play in the NBA, especially when they got those cowbells going.
