The arena would have become a reality quicker if downtown state funding called MODESTA hadn't restricted certain arena sizes.
This will add alot to the south loop entertainment district which should include the PAC, Ballroom, Arena, KC Live! and in the future, the expanded Bartle Hall. (not to mention the current one) Also in the entertainment district is the Municiple Auditorium.
You can see the planned arena off the right in this Kansas City Live! rendering:

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