Business Journal: New Arena Proposal

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(Sacramento, CA)
Monday, December 5, 2005

Tsakopoulos and partners own 7,700 acres in eastern Sacramento County. But county policy bans development that far out.

Tsakopolous tells the Business Journal that he will give 5,000 acres … some for public use, some to be sold, raising more than enough to pay for a new Kings arena. A non-profit would own it. What he wants is a go-ahead to develop the remainder of the land. 

The proposal is sure to be controversial. Yet it comes at a time when no other proposal to fund a new arena is coming forward … and other cities would welcome the Kings relocation.