Sacramento Kings owners Joe and Gavin Maloof are growing increasingly optimistic that the city will approve an acceptable financing plan for a new arena by the March 1 deadline to keep the franchise from relocating.

Gavin Maloof said Thursday that the team is pleased with the progress of the city’s latest arena project and is “encouraged that something can be done” in time. Joe Maloof said the brothers are “optimistic guys” and would love for the franchise to remain in Sacramento.

– Reported by Antonio Gonzalez of the Associated Press