It’s been said before and it can be said again – a new arena in Sacramento is bigger than basketball.
Those against the idea of an arena will obviously disagree, but you don’t need to look far to see what new stadiums have done to revitalize cities (or at least areas of a city) and how much of a positive economical impact they’ve made.
From the China Basin in San Francisco where the Giants constructed AT&T Park to the Gaslamp Quarter in San Diego where the Padres play their home games, once drub and depressed areas have been revitalized into booming economic centerpieces.
That’s the hope for a new downtown arena in Sacramento that would tentatively host 175 events annually, attract over 1.65 million new visitors to the Sacramento area, employ 3,700 permanent jobs into the local economy and create $11.5 billion dollars in economic revenue over the next 35 years.
Those numbers were released today during the
arena economic analysis which also included $25 million dollars spent by 248,000 hotel guests who would be staying in the city for an arena event.
You can read more of the release by checking out The 4000 timeline on Twitter.