Sacramento Council Approves Kings Arena Deal

By: Associated Press Email
By: Associated Press Email

Stay up-to-date with KAKE News:

Wednesday, March 27, 2013

Sacramento is in a stronger position to convince the NBA to keep the Kings from moving to Seattle with a deal now in place to build an 18,500-seat arena downtown.

Late Tuesday the Sacramento City Council voted 7-2 to approve a deal that contributes $258 million to the $447 million project. The city plans to use money earned from leasing parking garages for events at the arena to help pay the public cost of the new arena on the current site of an aging shopping mall.

The other $189 million will come from the California investment group seeking to have the NBA negate a pending sale that would move the team and restore the SuperSonics name.

Opponents argued that the city should not be paying to subsidize billionaires.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 200176451 - kake.com/a?a=200176451