A deal for a has been reached that will allow the , The Sacramento Bee is reporting.
"Deal has been struck between City and Maloofs. HUGE hurdle leapt. Be cautiously happy people," wrote onTwitter. "There are still hurdles left. A few. Big ones have been crossed. Trying to do a show with tears in your eyes is not as easy as you'd think."
The Sacramento County Board of Supervisors is scheduled to vote at 10 a.m. Tuesday on a resolution pledging the use of 1,500 downtown parking spaces to the potential new arena. The county hopes to secure at least $500,000 in annual revenue from the parking deal to fund its regional parks.
If a deal for a new downtown arena had not been reached, the Kings would have moved, likely to Anaheim or Seattle, .
Now, thanks in part to Sacramento Mayor Kevin Johnson, who will speak at the Carmichael Chamber of Commerce luncheon on March 27, that will not happen.