A year after being almost wiped out in the NBA, Sacramento overcame the main political obstacle that stood before it, late Tuesday, when the City Council approved an investment plan of 391 million USD in building a new arena.
The tentative agreement, signed by the Kings and the NBA last week, states that the team stays in Sacramento for a minimum period of 30 years.
In turn, this is good news for the people of Quebec who wish to host the Phoenix Coyotes franchise this spring.
That is the City of Seattle had expressed interest recently in the place of Kings, as well as an NHL franchise. Commissioner Gary Bettman had mentioned the arrival in the portrait of this new player, at the All-Star game in Ottawa, there is a little over a month. However, confirmation that Sacramento keeps its NBA team will turn the hearts of business people who have recently unveiled a plan to build a new arena.
Under the agreement, the City of Sacramento will provide $ 255 million to the project. The Kings will pay 73.5 million and the company that will manage the possible amphitheater, a sum of 58.75 million.
Construction should get underway this spring or early summer, and opening is scheduled for the beginning of the 2015-2016 season.