Sacramento Officials, Kings Owners Officially End Plans for New Arena
Follow-up discussions between the city of Sacramento and the owners of the National Basketball Association’s Kings franchise for the construction of a new arena complex at the Railyards redevelopment site ended April 27 with no agreement.
The Kings have one year left on its Sacramento contract and the owners, the Maloof family, indicated in local news reports that it has no intention of selling the team and has no solid plans to move it as yet, but will not be supporting the proposed entertainment and sports complex project.