After weeks of behind the scenes work, Mayor Kevin Johnson is expected to reveal the highly speculated names of the deep-pocket investors he’s lined up to bid on the Sacramento Kings, according to Sacramento’s CBS 13.
A Washington state judge rejected a union lawsuit Friday which aimed to block a deal for new Seattle basketball arena.
Efforts to build a new professional basketball arena in Seattle face a hurdle Friday as a judge hears arguments in a lawsuit to slow or stop the deal.
Questions are mounting at Sacramento’s city hall about how much the city could spend on a new downtown arena plan as a possible Kings investment group reportedly asked for more public funding.
The Sacramento City Council voted 7-2 Tuesday in favor of the symbolic resolution in support of keeping the Kings in Sacramento and building a new downtown arena.
NBA Commissioner David Stern expects a concrete financing plan from Sacramento Mayor Kevin Johnson within the next two weeks, with the aim of settling the Kings’ future by mid-April.
Sacramento Mayor Kevin Johnson said Tuesday that the joint committee that will decide whether the Kings leave might want to discuss his city’s proposal before the NBA Board of Governors meeting April 19. Owners can vote on the pending sale and relocation of the Kings at any time, but the annual meeting in New York is typically when decisions about moving a franchise are made.
In the ongoing saga regarding the future of the Sacramento Kings, Sacramento Mayor Kevin Johnson spoke with state senators Thursday before again meeting with the media.
Proceeding With Optimism
A second lawsuit has been filed to block plans for a new sports arena in Seattle.