FanPost

SacBee: Mark Friedman buying DTP arena site from JMA Ventures

Sacramento Bee reports that developer Mark Friedman, a partner in Vivek's ownership group, reached an agreement to purchase the DTP arena site from JMA Ventures.

Story is here

Friedman said the transfer of ownership puts both the arena and its surrounding site into the hands of one entity, making it easier to move forward on building the sports and entertainment facility in coordination with a substantial amount of other development on the plaza site

I'm not sure how Friedman can do this, given that they're tapped out. JMA did not disclose the purchase price, although JMA (who will remain a partner in the project, bought DTP from Westfield for $21.7 million last fall.

(This is a FanPost from a member of the Sactown Royalty community. The views expressed come from the member, and not Sactown Royalty staff.)

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