Posted Jul 3 2012 8:20PM
SACRAMENTO, Calif. (AP) -- Sacramento Mayor Kevin Johnson's "Plan B" to build a new sports arena is dead.
The second option for a new arena for the Sacramento Kings -- or any other professional sports tenant -- never really took shape. Johnson said Tuesday that the city and arena operator AEG have concluded that the financial model is not viable for the region without an anchor sports tenant.
Kings owners Joe, Gavin and George Maloof pulled out of a plan to help finance an arena earlier this year, saying it didn't make financial sense for the franchise. The team has not commented about any arena project since but has maintained the franchise intends to stay in Sacramento.
|Through The Lens: USAB Practice|
Watch Team USA's final practice as they prepare for Finland through the slow-motion phantom cam.
|USAB: Team meets Mayor Areso|
Team USA meets with the Mayor of Bilbao City Council, Mr. Ibon Areso after their final practice before facing Finland.
|USAB: Coach Meets the Mayor|
Mike Krzyzewski meets with the Mayor of Bilbao City Council, Mr. Ibon Areso after Team USA's final practice before facing Finland.
|USAB: Rose on FIBA Schedule|
Derrick Rose comments on playing five games in six days during 2014 FIBA Basketball World Cup.
|USAB: Coach K On Finland's Game|
Coach K's says the Finnish play free, are a very motivated team that likes to live by the three pointer.