Sunday, November 21, 2010
Kelly Team will lead C.O.R.E Arena Proposal
As reported by the Sacramento Business Journal; Developer Larry Kelley and his senior managers at McClellan Park have partnered with restaurateur Ali Mackani to push for an arena at the site of Westfield Downtown Plaza.
The Kelley team will lead the effort to develop a downtown sports and entertainment complex with the Mackani’s C.O.R.E. Group, Kelley announced Thursday.
Kelley brings a strong management team to the C.O.R.E. Group, which now has another chance to convince Sacramento city leaders that they should consider this arena proposal. Mackani’s proposal was one of seven proposals offered to the Sacramento First Task Force nearly a year ago. The city went with a partnership of Gerry Kamilos and David Taylor, which proposed developing a downtown arena as part of a three-way land swap with Cal Expo and Arco Arena. The city’s exclusive negotiations with the Kamilos/Taylor group has expired, opening up possibilities once again for other proposals.
In a news release, Kelley said that a weakness in the previous C.O.R.E. plan was a lack of an experience development team to make the project a reality.
The C.O.R.E. Group also added to its team the law firm of Weintraub Genshlea Chediak, led by real estate attorney Mike Kvarme and attorney Matt Massari.
Sacramento Mayor Kevin Johnson decided last month to reconvene his arena task force to consider old and any new arena proposals. Kamilos and Taylor and their Sacramento Convergence LLC group hope to bring back a viable plan to the City Council in January. That group’s proposal fell apart in September when Cal Expo decided it would not participate.