Sacramento Council Approves $391M NBA Stadium

Law360, New York (March 7, 2012, 4:41 PM EST) -- Sacramento's City Council gave final approval late Tuesday to the Sacramento Kings' proposal for a new $391 million sports and entertainment arena downtown, a decisive move that will keep the NBA team in its namesake city after the owners had considered a move to Anaheim or Seattle.

Basketball fans in the other two cities had been hoping they had a chance to lure the team with competing arena proposals, but Sacramento's 7-2 vote solidified a financing deal reached Feb. 27 between Mayor Kevin Johnson, NBA Commissioner...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.