Posted Feb 28, 2013, 8:40 PM
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Droppin' Loads
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Join Date: Nov 2010
Location: Ventura, Santa Rosa, California
Posts: 288
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From jbradway at SSC
Quote:
Originally Posted by jbradway
Back from the dead?
http://www.sacbee.com/2013/02/23/521...orization.html
City is going into formal negotiations with the equity investors this week and KJ is going to be presenting a team purchase bid to the NBA on Friday 3/1. They are hoping to finalize a new term sheet for the NBA in April.
FYI, the new arena site is moving from the railyards to the Downtown Plaza Mall site. It's a site that has been looked at for a long time but given up because the mall owners, Westfield, wanted 400-500 million for the site. They ended up selling it to JMA Ventures for 22 million last August. JMA and Ron Burkle are teaming up on the project for the arena and surrounding development.
Here are a few of the old concepts for that site. It will be changing since AECOM has been involved with JMA. So even the old Populous concepts will likely be outdated.
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