The Sacramento Kings introduced their new celebrity part-owner Tuesday and pulled back the curtain on an “indoor-outdoor” concept they’re planning for the team’s new downtown arena.
At a news conference dominated by new partner Shaquille O’Neal, majority owner Vivek Ranadive dropped tantalizing hints about the design of the $448 million arena that’s supposed to open at Sacramento’s Downtown Plaza in 2016. While declining to release details, he said fans would be able to see certain events from outside the building.
Ranadive and O’Neal’s sometimes comical news conference kicked off a day’s worth of developments surrounding the Kings. Hours later, the City Council agreed to let the Kings accelerate repayment of their $62 million debt to the city by imposing a 5 percent surcharge on tickets at Sleep Train Arena, where the Kings now play. The council also OK’d a deal that would let the team reimburse the city for certain pre-development costs at the new building.
Reported by Dale Kasler, Ryan Lillis and Tony Bizjak of the Sacramento Bee