I figured we should kill the DT Arena thread cause it's not going to happen.
Here is a little renewed hope. Let's see how this one goes
Tsakopoulos does seem like he is doing his damnest to get something done
Developer proposes another arena plan
Local developer Angelo K. Tsakopoulos has been working for months on a new proposal to finance an arena for the Kings by developing land he owns in rural eastern Sacramento County, say several people who have been involved in the talks.
In addition, Tsakopoulos has approached area Indian tribes, flush with casino profits, to ask for their help in financing a new Kings facility.
The idea is not to build an arena in eastern Sacramento County, an area of rolling grassland and oak trees, but to provide money to build an arena elsewhere, most likely North Natomas, the sources said.
Some local leaders said Tsakopoulos' latest plan would be more difficult to pull off than his previous arena financing proposal, which collapsed in February. Nonetheless, they said, the idea seems to be the most viable thing going at the moment.
Howard Dickstein, an attorney who represents several Indian tribes, said Tuesday his clients are interested in helping keep the Kings in Sacramento. Details of their participation have not been worked out.
We've been having discussions with the interested parties for a long time," said Dickstein, who represents the Rumsey Band of Wintun Indians, the United Auburn Indian Community and the Jackson Rancheria Band of Miwok Indians, all of whom operate casinos in the area.
"So far, nothing has come together," Dickstein added. "The interested parties appear to be Angelo, his company and the Sacramento Kings. I wish there were more interested parties, but there aren't."
The specifics of Tsakopoulos' latest proposal remain unknown. Steve Capps, spokesman for Tsakopoulos' AKT Development, said the developer would have no comment.
Kings co-owner Joe Maloof said he and his brother Gavin have been approached by "a couple of people who are in private business. Angelo's one of them. There are others.
"Angelo has been working very diligently on this, (but) if it doesn't work out with Angelo, it doesn't mean that the whole thing is in deep trouble. … We're still trying. Still trying," Joe Maloof said.
Tsakopoulos controls thousands of acres in eastern Sacramento County - south of Highway 50 and between Rancho Cordova and the El Dorado County line. Those briefed on his current proposal say the land he is seeking to develop lies outside the urban growth boundary in the county's general plan.
Much of this land recently was left as open space by the Sacramento Area Council of Governments when it crafted a long-term growth blueprint for the region.
Tsakopoulos also has discussed the possibility of including some of his western El Dorado County holdings in the deal, said those involved in the talks.
Some local leaders say they've told the developer that any proposal to open eastern Sacramento County to building would stir opposition from environmentalists and would face numerous logistical hurdles, including the lack of adequate roads, water and other infrastructure needed to serve new homes.
"It's outside the urban services boundary, there are huge infrastructure issues. … It's years away, at best," Sacramento County Supervisor Roger Dickinson said.
Mike McKeever, executive director of the Sacramento Area Council of Governments, said Tsakopoulos' previous arena proposal - although it failed - was more realistic.
It would have involved rezoning much of the remaining farmland in North Natomas. That land, unlike the east county, had been earmarked for eventual growth by the city and county.
The North Natomas proposal collapsed in February after several property owners, including the prominent Ose family, said they would not participate. As conceived by Tsakopoulos, the plan asked landowners to commit 20 percent of their profits from development to an arena.
McKeever said he had "some regrets" that the North Natomas proposal fell apart. He thinks it would take years to sort out the transportation, air quality and open space issues in the east county.
"I think Angelo has done the region a service by pursuing this, but I think this latest iteration is probably a 10 out of 10 in degree of difficulty, and maybe it's time to think of other ways that are not connected to land use to save the Kings," McKeever said.
The Kings owners have made it clear they're impatient for an arena deal. They haven't set a deadline, but they've repeatedly stressed that Arco is obsolete.
"We don't know what the timetable is," Maloof said Tuesday. "We've been at this for six years now, and (prior owner) Jim Thomas was at it for four years before us. Who knows what the timetable is? Something has to get done sooner or later, we all know that."
Some Kings fans, including the tribes represented by Dickstein, fear that the team will leave Sacramento if a state-of-the-art arena is not built. Sacramento's elected officials have been largely silent on the topic in recent months.
"The tribes, like a lot of residents in the area, are concerned that this could be the 11th hour and that the Kings will be forced to take other opportunities because of the lack of responsiveness from this community," Dickstein said.