Sacramento mayor: Arena deal is dead

Sacramento mayor: Arena deal is dead

Credit: Getty Images

Tyreke Evans #13 of the Sacramento Kings looks on during a game against the Miami Heat at American Airlines Arena on February 21, 2012 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.

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by KING 5 News

NWCN.com

Posted on April 27, 2012 at 12:45 PM

SACRAMENTO – Seattle’s hopes of getting a new NBA franchise got a big boost Friday when Sacramento’s mayor announced the city and the owners of the Sacramento Kings had reached ‘irreconcilable’ differences on a new arena.

“This deal is not happening,” said Mayor Kevin Johnson. The Sacramento Bee reports Johnson met Friday with the Maloof Family which owns the Kings. “It became clear today that our differences are irreconcilable and that’s a little disappointing.”

Johnson, a former NBA star, said the city would continue looking at building a new downtown arena without the Kings. He said he did not know whether the Maloofs have made any plans to move or sell the team.

“We did our part and, ultimately, it wasn’t enough,” said Johnson.

As Sacramento’s arena deal crumbles, a group led by former San Francisco hedge fund manager and Seattle-area native Chris Hansen is trying to get a half-billion dollar arena built just south of Safeco Field in hopes of luring NBA and NHL franchises.

Some groups, including the Seattle Mariners, have voiced concerns about the traffic impact of adding a third sports venue in SODO. Hansen is paying to have a study done to address the concerns.

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