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Financing plan for Sacramento Kings is approved
Financing plan for Sacramento Kings is approved

Sacramento's City Council on Tuesday approved a financing plan for the Kings NBA franchise, clearing the way for construction on a $477 million downtown arena. The council voted 7-2 on the package during a meeting that caps off the city's lengthy struggle to keep the team from moving to Seattle a year ago. Mayor Kevin Johnson declared “Long live the Kings” after the final vote, and the chamber erupted in cheers along with team owners. “We had our backs against the wall, but we defied the odds. We made a comeback for the ages and in doing so, I feel like we unleashed the very best that Sacramento has to offer,” said Johnson, a former three-time NBA...

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