Delay on Deal to Keep the Kings

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
Latest Bid For Sacramento Kings Will Cost City

Sacramento’s Downtown Plaza is being considered a location for the new arena and entertainment complex.


A report expected to be released Thursday detailing Sacramento’s bid to try and keep the Kings is delayed, suggesting a deal is not final.

The “term sheet”, supporting documents and other information about the Entertainment and Sports Center report was going to be posted during the day, followed by a community meeting at 5:30 to discuss it.

Sacramento’s City Manager, John Shirey, released a statement Thursday saying the group continues to “have productive discussions with the Investor Group. It is important to get this right and not rush to make an artificial deadline. The bottom line for me is to get the best deal possible while adhering to the Council’s adopted core principles, including a city commitment comparable to last year, no new taxes, and protection for the General Fund.”

The meeting is still scheduled to take place Thursday night.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

1 Comment