Kings Owners Optimistic About New Sacramento Arena
SACRAMENTO (AP) -- Kings owners Joe and Gavin Maloof say they are "optimistic" that Sacramento can help finance a new arena after a feasibility study was released at a special City Hall meeting.
The Maloofs said in a statement released by the team Thursday that "the political and public will are here" in Sacramento despite years of failed measures to finance a facility.
The study was only preliminary and didn't outline how an arena would be paid for. The report only called for "significant contributions" from the private and public sectors.
The Kings were close to moving to Anaheim before deciding earlier this month to stay at least one more season.
NBA Commissioner David Stern has told Sacramento it must have a new arena plan by March 1 or the franchise will likely relocate.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
