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02-23-2013, 07:27 PM
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OT Sacramento looking to finance new arena; UPD NBA rejects relocation to Seattle bid

In a sign that Sacramento's arena effort has gained a sense of urgency in recent days, Sacramento City Manager John Shirey indicated today he will ask the City Council this Tuesday to authorize him to begin arena financing negotiations with a private investment group as soon as possible.

Shirey had promised the council last week he would ask their approval before entering into formal talks with a group that reportedly wants to make a bid to buy the Sacramento Kings and to join with the city in financing and building a downtown arena.
I'm guessing that the basis for the AMULA (or equivalent) will also be part of these negotiations.

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