The Sacramento City Council on Tuesday approved a financing plan for a $391 million , The Sacramento Bee reported.
By a 7-2 vote, councilmembers voted in favor of a non-binding term sheet to move forward on plans for the downtown Sacramento development, which supporters said will bring jobs to the region.
The vote means the Kings future in Sacramento is solid and major concert tours will come to the area where they hadn't before. The future for Power Balance Pavilion, the current Kings arena in Natomas that , remains unknown.
Sacramento Mayor Kevin Johnson will speak at the Carmichael Chamber of Commerce luncheon on March 27.