Sacramento City Council Agrees to help Kings acquire Macy's Land

AECOM rendering

The City Council voted 7-2 yesterday to help the Kings with their negotiations to acquire the last piece of property needed to build the arena.

As was reported last week, the Kings were getting ready to ask the city of Sacramento for help in negotiations with N.Y. based Island Capital, the owners of the Macy's Men's Store at the downtown plaza.  That piece of property is the last piece of land that the Kings group needs in order to have all the property available for the new arena.  The two sides had come close to a deal before, but it fell apart.

Last night the city council voted 7 to 2 in favor of helping the team in its negotiations.  Councilmen McCarty and Fong were the lone objectors.  Neither offered any substantial comment as to why, although Fong simply said that his vote "followed the votes I've voted in the past."

The city's role in the negotiations might be to use the threat of eminent domain or condemning the property in order to get Island Capital back to the table.  City Manager John Shirey told the council yesterday that the city's financial contribution to the arena would not increase by helping with these negotiations.

The Macy's Men's Store is currently in the process of being moved to the existing Macy's Women's store.

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Sactown Royalty

You must be a member of Sactown Royalty to participate.

We have our own Community Guidelines at Sactown Royalty. You should read them.

Join Sactown Royalty

You must be a member of Sactown Royalty to participate.

We have our own Community Guidelines at Sactown Royalty. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9347_tracker