Moag said this week that the NBA and Cal Expo likely will push forward with planning for a mixed-use project at the fairgrounds that would include an arena and a revamped venue for the State Fair. The two parties expect to seek proposals from developers in March, he said.
But actual construction is unlikely to occur until the real estate economy improves.
Moag said he plans to come to Sacramento in late February for the unveiling of the master plan for the Cal Expo development, along with the NBA's financial feasibility study for the project.
He said the analysts hired by the NBA have concluded that "if we were in a good economy, we have a project that just may work."
But actual construction is unlikely to occur until the real estate economy improves.
Moag said he plans to come to Sacramento in late February for the unveiling of the master plan for the Cal Expo development, along with the NBA's financial feasibility study for the project.
He said the analysts hired by the NBA have concluded that "if we were in a good economy, we have a project that just may work."