March 19, 2013 at 8:38 PM
Sacramento officials say they still expect to release arena financing plan Thursday
The Sacramento City Council received an update Tuesday night on the progress of a financing plan to build a new arena there designed to keep the Kings from relocating to Seattle.
The Sacramento Bee has the details, and quotes city manager John Shirey saying the city remains on track to reveal the plan on Thursday. It would then be subject to a few days of public review before being voted on by the City Council a week from tonight.
If the plan is approved, it will then be a centerpiece of Sacramento’s presentation when a select group of NBA owners meets in New York on April 3 to hear proposals from both Sacramento and Seattle in advance of the NBA Board of Governors meeting in New York April 18-19. It is at the latter meeting in New York when the owners will vote whether to allow the Kings to be sold to a group led by Chris Hansen and moved to Seattle, or decide that the team should stay in Sacramento.