Found March 23, 2013 on NESN.com:
Not so fast, Seattle. The Kings might not be moving after all. Sacramento mayor Kevin Johnson announced on Saturday night that the city had come to an agreement with a private investor to build a new arena. According to Sactown Royalty, the arena will cost $448 million, with the city paying $258 million and the private investors putting in the other $190 million. Most importantly, the deal comes with a pledge of no new taxes to pay for the arena, a big sticking point in negotiations. Johnson was visibly excited in a photo he tweeted out in the wake of the agreement. With all that said...I'm pumped!! Ron B & I officially closed the deal a few mins ago - maybe this pic says it best! http://t.co/AThMg9sAG9— Kevin Johnson (@KJ_MayorJohnson) March 23, 2013
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