The city of Sacramento this afternoon released to the media that its City Council agenda for Tuesday night has been amended to include an related to the potential development of a downtown entertainment and sports center aimed at keeping the Kings in town.
The text of the release states:
On Tuesday February 19, 2013, the City Manager committed to the City Council that before commencing formal negotiations he would seek the City Council’s authorization to do so, and in addition, present guiding principles for their consideration. Subsequently, and after the Council agenda had been posted, the Mayor’s Office informed the City Manager that discussions with the parties considering an offer to purchase the Sacramento Kings are proceeding well and that the City should be prepared to commence formal negotiations relating to the development of a new downtown entertainment and sports center.
In order to provide the City Council and public with as much time as possible for discourse and to be responsive to any request to commence negotiations, this item has been scheduled for Tuesday February 26. A staff report with the guiding principles is being prepared and will be available to the City Council and public as soon as possible. We apologize that the report will not be available until Monday but given the circumstances we believe it is best to initiate the public discussion as soon as possible rather than postpone that discussion for another week.
The actual agenda item can be found here — it’s No. 24.
Sacramento mayor Kevin Johnson is attempting to assemble an ownership group and arena plan by March 1 aimed at presenting a counter offer to that made by a Seattle group led by Chris Hansen and Micorsoft CEO Steve Ballmer. The Seattle offer needs approval by the NBA Board of Governors when it meets in April.
Sacramento’s hope is to present an offer good enough that the NBA will deny a sale to the Seattle group, allowing the Kings to stay in Sacramento.
Here is a story from the Sacramento Bee.