Virginia Governor Not Budgeting for Kings
In a possible blow to Virginia Beach’s efforts to lure the Sacramento Kings, the governor of Virginia doesn’t plan to include any subsidy for the team’s move in his proposed budget.
Virginia Beach officials were seeking $150 million in state funds to bring the Kings to their city, including a $70 million contribution toward a new arena and $80 million to assist the team’s relocation.
But Gov. Bob McDonnell won’t include any subsidy in his 2013 proposed budget.