Work Plan in Place for Sacramento Arena
Sacramento’s last shot to remain an NBA city appears headed for another overtime.
NBA commissioner David Stern and Sacramento mayor Kevin Johnson announced a joint work plan Wednesday for the two sides to reach an agreement to finance a new arena by the March 1 deadline. Johnson, Stern and the Maloof family, which owns the Sacramento Kings, will meet during this weekend’s All-Star festivities in Orlando, Fla.
If the final details are resolved in time, a term sheet will be announced March 1 and the Sacramento City Council will vote on the plan at its March 6 meeting, possibly avoiding the relocation talk that surrounded the team last spring when it almost moved to Anaheim.
“I feel very confident that we as a city are going to be able to do our part,” Johnson said at a late afternoon news conference at City Hall with six council members standing behind him. “The city controls its own destiny.”
via Associated Press