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A new downtown arena could draw 3.1 million visitors to the central city each year and bring the region more than $7 billion over 30 years, according to a report released Thursday by an arena campaign committee. The 37-page report on an arena’s expected impact to the region was released to reporters at a press conference at the Sheraton Grand Sacramento Hotel. "In downtown Sacramento, there's a considerable economic boost, just by the fact that there really isn't a facility like that," said Cathleen Dominico, author of "The Economic Engine Report: An Economic Analysis on the Regional Impact of an Entertainment and Sports Complex," during the press conference. "If you can create a downto
They brought Sacramento the Citizen Hotel and its restaurant, Grange. Now that same team is proposing an even more ambitious downtown project. Calling themselves the Sacramento Alliance Team, the partners behind the Citizen Hotel are seeking Sacramento City Council approval to redevelop the 700 and 800 blocks of K Street Mall. Two weeks before a council vote on the matter, they held an open meeting on the plan's centerpiece: a 35,000-square-foot public market, tentatively called the California Boqueria, that would showcase the state's food and wine at the corner of Eighth and K streets. Two of the partners, Rubicon Partners co-founder Kipp Blewett and Grange Executive Chef Michael Tuohy
Not everyone can agree on what the future K Street should look like when it comes to putting hammer to nail. Four development teams vying for work and the chance to make their mark on this key piece of downtown real estate have at least one thing in common: they all recognize the possibility of using federal low-income housing tax credits and historic tax credits to create a mixed-use neighborhood integrating the street's historic architecture. "That's a major opportunity," said Sacramento developer David Taylor, a team leader for the group 700-800 K Street, LLC, at a presentation hearing scheduled by the city of Sacramento Monday night. "It's a major headache as well." Each team wants
Denver's mayor was in town Tuesday to talk about downtown arenas and the need for strong mayors — two subjects close to Sacramento Mayor Kevin Johnson's heart. Building an arena downtown could help reinvigorate Sacramento's core, if the success of Colorado's capital city is an indication, Denver Mayor John Hickenlooper said during the Downtown Sacramento Partnership's annual State of Downtown Breakfast. Last week, would-be Sacramento arena developers outlined seven proposals for a new "sports and entertainment center" in response to Johnson's request for such proposals. All but two were proposed to be built downtown. The same day, a Sacramento Superior Court judge issued a tentative ruli