New Kings Arena
The Maloofs and a Sacramento group have reached an agreement to sell the Sacramento Kings for $535 million.
Whether or not the Sacramento Kings stay in town, the site of Sleep Train Arena will be looking for a new tenant.
While the NBA still can’t decide on what to do with the Sacramento Kings, the new owner of the Downtown Mall is committed to a planned arena.
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.
There are new developments in the plans for a new Sacramento arena – a plan that may include a change of ownership for the building.
Fresh details about the proposal for a new Kings arena have answered some questions about a possible future for the franchise, but shed light on some glaring concerns.
A local developer says he is focused on organizing a plan that can build a new arena that will keep the Sacramento Kings in town for decades to come.