Kings' Arena Likely Getting Final Approval Tonight

By: AP Email
By: AP Email

SACRAMENTO, Calif. (AP) - The Sacramento City Council is scheduled to take its final vote on a $477 million downtown arena for the Kings NBA franchise.

The vote, expected late Tuesday night, would cap a lengthy struggle to find a new home for a team that nearly left last year. Kings President Chris Granger calls it "a historic day."

The deal calls for a 35-year lease agreement between the city and team. The city would be responsible for a $223 million subsidy, much of it financed through a bond backed by parking revenue.

In return, the Kings would replace an aging shopping mall and build a crown-like facility with diamond-shaped windows.

If the arena wins approval, the Kings are scheduled to break ground this summer and open it in time for the 2016-17 season.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 260022731 - kolotv.com/a?a=260022731