Developers, Businesses Hope for Economic Boom from Arena

IT HAS BEEN TALKED ABOUT HOW MUCH THE IMPACT THE ARENA WILL HAVE ON DOWNTOWN. THE MAYOR SAID THAT HE CAN BRING IN AS MUCH AS 11 BILLION DOLLARS PLUS WITH RESTAURANTS AND HOTELS WITH PEOPLE SEEING IT MORE AS A DESTINATION CITY. M.D. STOREFRONTS IN DILAPIDATED DOWNTOWN BUILDINGS, DEVELOPERS ARE GETTING READY TO PLUNK DOWN BILLIONS OF DOLLARS. THESE TWO BUILDINGS, WE DESIGNED A THOUSAND PERSON MUSIC VENUE. THIS IS DIRECTLY ACROSS THE STREET FROM THE SITE WHERE THE NEW ARENA IS LAND YOUR IF WE CAN SEE HIGH DENSITY IN THIS PART OF DOWNTOWN. IT IS WHAT COULD KEEP PEOPLE DOWNTOWN LONG-TERM. THE CITY'S BEST SHOT AT REVITALIZATION. I'VE BEEN TOLD BY THOSE PROJECT DEVELOPERS THEY WOULD NOT EVEN BE THINKING ABOUT IT WITHOUT THE ARENA. PLANS FOR STORES AND RESTAURANTS DOWNTOWN ARE MORE VAGUE. IN SACRAMENTO'S COMMERCIAL REAL ESTATE BROKERS ARE ALREADY THROWING AROUND RESTAURANT NAMES LIKE DAVE AND BUSTERS AND ESPN'S DOWN -- ESPN ZONE. BUT DEVELOPERS WON'T SAY WHO THEY ARE TALKING TO OR WHO THEY ARE TRYING TO LURE TO TOWN. THEY ARE BRAND NAMES THAT WE DON'T HAVE DOWNTOWN AND HOPEFULLY WE WILL SEE IN THIS AREA. IF A TRADER JOE'S OR A WHOLE FOODS WERE TO COME DOWN HERE, THAT WOULD BE GREAT. THAT IS WHAT WE NEED MORE THAN ANYTHING. DEVELOPMENT IS PARTY STIRRING TO DISPLACE SOME PEOPLE. LOW INCOME RESIDENTS, THE HOTEL MARSHALL -- DEVELOPMENT IS ALREADY STARTING TO DISPLACE SOME PEOPLE. LOW INCOME RESIDENTS. THROUGHOUT THE CITY AND COUNTY OF SACRAMENTO, WE DON'T HAVE ENOUGH AFFORDABLE HOUSING. A SPOKESMAN FOR THE SACRAMENTO KINGS SAYS THE TEAM OWNERS ARE TRYING TO HELP. THEY WILL PLEDGE 600 $44,000 USED TO SUPPORT FAMILIES AND THEIR AFFORDABLE HOUSING NEEDS. THE BUSINESS BOOM THAT MANY ARE HOPING FOR WILL MEAN A MOVE AWAY FOR SOME AS THE CITY GETS READY TO REMAKE ITS DOWNTOWN.