Found August 09, 2013 on RealGM:
The Sacramento Kings' ownership has been unable to close on buying the remaining parcel at Downtown Plaza to develop a new arena after months of negotiations. The Kings are attempting to open a new facility by 2016 and are now seeking assistance from City Hall to threaten eminent domain. The property houses a Macy's men's clothing and furniture store that was taken control by a New York-based real estate firm in foreclosure. "Any decision for something like eminent domain wouldn't happen for a long time," said Assistant City Manager John Dangberg. The Kings plan to partner with the city of Sacramento on constructing a $448 million facility at the site to be surrounded by shops, housing and offices.
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