NBA, Cal Expo reach agreement on Kings arena
Negotiators for the National Basketball Association and Cal Expo on Friday announced they'd reached an agreement to move forward jointly on a plan to build a Kings arena in the state fairgrounds.
According to a letter of understanding, which still must be approved by the Cal Expo board of directors, the NBA would shoulder the majority of the costs over the next 180 days as the two parties work together on a development plan that would accommodate both an arena and a revamped fairgrounds.
The parties plan to ask developers to submit proposals for turning the 360-acre fairgrounds into a mixed-use and entertainment development.
Cal Expo's board is scheduled to consider the letter of understanding at its May 21 meeting. Both NBA Commissioner David Stern and former Gov. Pete Wilson, the lead negotiator for Cal Expo, plan to attend.
http://www.sacbee.com/kings/story/927200.html
Certainly no guarantee that a deal is imminent. But this is at least a good sign that both sides are still working productively together.