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.