The state Legislature on Wednesday gutted redevelopment, the system responsible for three decades of San Diego's big building aspirations and neighborhood revitalization attempts. [...] It menaces the viability of major legacy projects, such as a new downtown Chargers stadium or expanded Convention Center, by pulling a large chunk of their funding.
This could open the door for the Kings to relocate:
A study presented Thursday by advocates of the Sacramento Kings says a new sports arena could bring $7 billion to the city over 30 years, The Sacramento Bee reported. [...] The task force, called Think Big, still needs to provide an explanation on how it will raise the reported $387 million needed to build the new facility. Chris Lehane, executive director of the task force, told the Bee a report on arena financing is expected Sept. 8.
