NJNJ Posted January 16, 2010 Report Share Posted January 16, 2010 SACRAMENTO, Calif. (AP) -- The NBA and the Sacramento Kings are throwing their support behind a proposal to build a new arena and entertainment complex. The league and the Maloof family, which owns the Kings, announced Thursday they would support the plan unveiled by Gerry Kamilos, a Sacramento land developer. Kamilos' proposal involves moving the State Fairgrounds to the Arco Arena site in Natomas, and building a new arena in downtown Sacramento. His plan was one of seven submitted in response to Mayor Kevin Johnson's request in November. Johnson says the 22-year-old Arco Arena is outdated, and without a new facility, the Kings might leave town. According to the NBA, the Kings agreed to put $300 million into the project by signing a 30-year lease with an annual rent of $10 million. Read More: http://sportsillustrated.cnn.com/2010/basketball/nba/01/15/kings.arena.ap/index.html#ixzz0cnVWuamC Quote Link to comment Share on other sites More sharing options...
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