Sacramento approves arena plan to keep Kings

By Antonio Gonzalez

Associated Press

Published: Tuesday, March 6 2012 12:00 a.m. MST

Fund Arena Now members, who support the construction of a new sports and entertainment center, attend the Sacramento City Council meeting wearing T-shirts indicating how many votes are for needed for approval of a new sports arena proposal, in Sacramento, Calif. Tuesday, March 6, 2012. A year after the NBA's Sacramento Kings almost moved to Anaheim, Sacramento's plan to help finance a new $391 million arena was a vote away from approval Tuesday night.

Rich Pedroncelli, Associated Press

SACRAMENTO, Calif. — The only place the Sacramento Kings are moving to is a new downtown home in California's capital.

A year after almost being wiped off the NBA map, Sacramento cleared the most critical political hurdle late Tuesday night when the City Council approved a plan to help finance an estimated $391 million arena. The non-binding term sheet, signed off by the Kings and the NBA last week, will keep the team in Sacramento for at least another 30 years.

Cheers rang out from supporters who cramped the council's chambers when the plan passed by a 7-2 vote and pushed the city's portion of the agreement forward. Binding contracts from all sides, which are expected to be a formality, could be signed as soon as April.

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