Posted: Mar 26, 2013 10:28 PM by Andrew Masuda
SACRAMENTO, Calif. (AP) - 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.
The Sacramento City Council voted 7-2 Tuesday 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.
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at email@example.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties