March 23, 2013 at 2:13 PM
Saturday update from Sacramento Bee — Still no Sacramento arena deal
Sacramento city officials said Saturday they are continuing to work on a financing plan for a new downtown arena, designed to keep the NBA Kings from relocating to Seattle.
But that plan, which the city originally hoped to unveil on Thursday, remains unfinished.
The Sacramento Bee has details in a story published early Saturday afternoon, reporting that negotiations are continuing through the weekend and that the plan could conceivably be completed at any time.
Officials have said they expect the City Council to vote on the deal Tuesday in advance of an April 3 meeting with NBA owners in New York.
Also today, the New York Times has a story detailing some challenges facing the investment firm run by Ron Burkle, who is part of the ownership group that has put in a counteroffer to buy the Kings, and also is said to be leading the effort to build a new arena.