I have a lot I could say about this but I would cross the border into politics. Fill in the blanks as you wish.
I believe many people on this forum were thinking far ahead and saw this as a turn around for the entire area. That extra $500 mil thrown in for surrounding development meant that more than just an arena was going to be built. The idea that the arena was being built simply as welfare for billionaires was short sighted. I hope these same people who felt that way will attend the extra 200 events or so that are going to take place in the arena. The benefit is not just to the owners of the Kings. The benefit is to the owners of the arena and maybe even all downtown. If national conventions come here, a lot of cash registers will go ka ching! At present, national conventions do not even consider Sacramento. The number of jobs created at the least on atemporary basis will be very large. Isn't unemployment around 12% for this county now?
Industries looking for a place to move will partially be effected by there being an arena and that their employees and customers will have somewhere to go for entertainment. If the area catches on to this idea that Sacramento not only will be entering the 21st Century but also could be an example for other cities could be exciting. Hey, this is coming from a guy who moved here because it seemed to be the biggest cow town in the country. I am a small town guy. Now I can see the disadvantages of that and hope this desire to progress is catchy.