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Sacramento Mayor Kevin Johnson's "Plan B" to build downtown arena is dead | NBA
Sacramento Mayor Kevin Johnson's "Plan B" to build a downtown arena is dead.
SACRAMENTO, Calif. — Sacramento Mayor Kevin Johnson's "Plan B" to build a downtown arena is dead.
Johnson said Tuesday the city and arena operator AEG have concluded the financial model is not viable without an anchor sports tenant.
Joe, Gavin and George Maloof, owners of the Sacramento Kings, pulled out of a plan to help finance an arena earlier this year, saying it didn't make financial sense for the NBA franchise. The Maloofs have said they intend to keep the team in Sacramento.
Chris Hansen, an investment-fund manager based in San Francisco, is leading an effort to build a multipurpose arena in Seattle's Sodo neighborhood. The Kings have been mentioned in speculation about NBA franchises that might relocate to Seattle.