• Sacramento mayor announces preliminary arena deal

    Summary of 2 articles · Updated Mar 23, 2013
    Sacramento Mayor Kevin Johnson first announced the deal on his Twitter account. Sacramento is hoping to block a bid by group that has a pending purchase agreement to buy the Kings from the Maloof family, move the team to Seattle and restore the SuperSonics name. Sacramento city officials reached a preliminary agreement Saturday night for a new downtown arena with an investment group that hopes to keep the Kings from moving to Seattle. Sacramento is hoping to block a bid by group that has a pending purchase agreement to buy the Kings from the Maloof family, move the team to Seattle and restore the SuperSonics name. "This project is about providing a regional attraction and creating economic development opportunities that will retain and create thousands of jobs, bring people downtown, increase property and sales tax - all of which will contribute to our city's vitality."
    Sources: nba.com ESPN.com

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