Sacramento's efforts to build a new arena for the Sacramento Kings have never been closer to becoming a reality.
The city, the NBA and the Kings announced a tentative deal Monday to finance a new arena that would keep the team in California's capital. The City Council is expected to vote on the plan March 6.
Sacramento Mayor Kevin Johnson, NBA Commissioner David Stern and the Maloof family, which owns the Kings, emerged from three days of talks in Orlando, Fla., — where they had been negotiating all weekend during All-Star festivities — to announce that the framework of a deal had been reached.
The full financing plan will be made public by Thursday.
"Today is a new day for Sacramento and a defining moment for our community," Johnson said. "We came to Orlando needing to convert both ends of a one-and-one free throw. Over the weekend, the city hit the front end of the free throw by making clear it had delivered on its promises and, today, the Maloof family hit the second free throw by stepping up and increasing their contribution."