Downtown Arena Plan
Expected to be released Thursday, the term sheet for the financing of a new downtown Kings arena has been delayed.
A term sheet for the plan to build a downtown Sacramento arena is expected to be revealed Thursday and spell out where the possible Kings arena will be built and how it will be paid for.
Sacramento Mayor Kevin Johnson says he’s hopeful after tonight’s City Council vote, he’ll be able to give the NBA a dollar amount of what the city will be able to contribute to a new downtown arena when both sides meet in New York on Friday.
A new developer has been chosen to build Sacramento’s downtown arena, if a plan is ever approved.