The arena, which will cost about $500 million, will have aircraft hangar doors on its north side that open onto a public plaza anchored by a luxury hotel. There are also plans for more than one million square feet of retail, recreation, office and housing space.
The four-block development — total price about $1 billion — was previously occupied by an underperforming indoor shopping mall built in 1971. Mayor Kevin Johnson of Sacramento sees it as the catalyst for efforts to convert California’s capital into a hot spot for jobs, housing and entertainment.
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