Thursday, January 14, 2010
Arena Sports and Entertainment Concepts
Tonight’s arena presentations at City Hall were inspiring. Of the seven original proposals submitted to City Hall last month, three stood out in my mind as having potential to take the next step if funding can be found. Because there were so many renderings to post and I’m short on time for the next couple days, I’ll post one or two of the proposals a day till I get them all up. Tripp Development was the only proposal that did not display any visuals or hand out any info on their proposal. They did make a seven minute presentation talking about the cities goals and ideas to obtain financing, but that was about it.
I’ll start with one that was called the Sacramento Riverfront Entertainment and Sports Complex by M & M Group who was energized with both renderings and ideas to gain financing to move forward. I personally think this one is a no-go since the city just approved another Dock's development at the site and the developer still has three years to start construction before their permits expire. The M & M Group ideas also include an electric Trolley that runs from Front Street up R Street to 19th Street as well as a RT Entertainment Trolley line that swings up Broadway and over to midtown and then back to the proposed arena. Although some parking will be built next to the structure, most parking and will rely on people to park at already existing parking structures downtown and then take the Trolley to the arena. I love the idea of an arena on the river but I just don’t feel it with this one. Here’s a link to learn more about the proposal and their financing ideas estimated at $750 million http://www.arenaontheriver.com/ .