A for a new regional entertainment and sports complex has been reached that will allow the Kings to , The Sacramento Bee is reporting.
"Deal has been struck between City and Maloofs. HUGE hurdle leapt. Be cautiously happy people," wrote on Twitter. "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."
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, that will not happen.
We don't yet know how much public money will be used; but we do know that will be a large part of the plan. Let us know what you think in the comments.