Found February 27, 2012 on
Fox Sports West:
Sacramento's efforts to build a new arena for the Sacramento Kings have never been closer to becoming a reality.
The city, the NBA and the Kings announced a tentative deal Monday to finance a new arena that would keep the team in California's capital. The City Council is expected to vote on the plan March 6.
Sacramento Mayor Kevin Johnson, NBA Commissioner David Stern and the Maloof family, which owns the Kings, emerged from three days of talks in Orlando, Fla., -- where they had been negotiating all weekend during All-Star festivities -- to announce that the framework of a deal had been reached.
The full financing plan will be made public by Thursday.
"Today is a new day for Sacramento and a defining moment for our community," Johnson said. "We came to Orlando needing to convert both ends of a one-and-one free throw. Over the weekend, the city hit the front end of the free throw by making clear it had delivered on its promises and, today, the Maloof famil...
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NBA Commissioner David Stern speaks to reporters before NBA All-Star basketball festivities in Orlando, Fla., Saturday, Feb. 25, 2012.
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Representatives of the city of Sacramento, the Sacramento Kings' owners and the NBA will meet for a second consecutive day Sunday in Orlando to negotiate a potential deal that would build a new arena that would keep the Kings in California's capital city.
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ORLANDO, Fla. (AP) -- Whenever David Stern retires, he's certain Adam Silver is ready to be the next NBA commissioner.
The Kings look to be staying put in Sacramento after the team agreed to a tentative deal Monday with the city for a brand new downtown arena.
The Maloof family, which owns the franchise, has agreed to put down $75 million upfront before construction, while Sacramento reportedly will post between $200 million to $250 million. George Maloof, via the Sac Bee:
“We’re going to have...
Sacramento Mayor Kevin Johnson will hold a press briefing at 5 p.m. today in front of City Hall to offer an update on the tentative agreement the city reached Monday with the Sacramento Kings and NBA on a deal to build a new downtown arena.
FILE - In this Feb. 22, 2012 file photo, Sacramento Mayor Kevin Johnson speaks during a news conference in Sacramento, Calif. The city of...
The Sacramento County Board of Supervisors agreed today to move forward on a plan to help the city's arena financing effort.
Sacramento County Supervisor Roberta MacGlashan
FILE - In this Feb. 22, 2012 file photo, Sacramento Mayor Kevin Johnson speaks during a news conference in Sacramento, Calif. The city of Sacramento, the NBA basketball and the Kings have announced...
Sacramento and its sole major league sports team, the Kings, have agreed on the pieces of a $387 million arena financing puzzle that would keep the franchise in town another 30 years.
The railyard development northeast of downtown Sacramento will be the location for the new arena if an agreement reached Monday is finalized. Under the deal, the city would pay more than half the...