Jul 20, 2006 5:52pm ET
Accord Reached on Arena Deal
"Negotiators for the city and county of Sacramento moments ago finalized a deal with the Maloof family to finance a new arena for the Sacramento Kings," report Mary Lynne Vellinga, Terri Hardy and R.E. Graswich of THE SACRAMENTO BEE. "The financing package would rely on voter approval of a new quarter-cent sales tax that would produce about $1.2 billion over a period of years, sources said."