The Sacramento Bee's Tony Bizjak has a thorough update on the arena land-swap deal in today's paper. The news hook: today is the deadline for legislation to be introduced this session, and the principals will need a bill to approve selling Cal Expo, which is needed for the swap to go through. The problem: Cal Expo hasn't even decided if they are on board, especially with a skeptical consultant report in hand, a report that argues the current ARCO Arena site can't support a State Fair.

UPDATE: Check out AnotherStupidSN's informative comment on the subject. Sheds quite a bit of light of motivations here.