By Sharon Bernstein SACRAMENTO (Reuters) - Officials in California's capital are pinning their hopes on a sports arena complex to revitalize a downtown area now occupied by a failing shopping mall so neglected that portions of the second floor slope down. The $450 million project, set to be completed by October 2016, is key to a deal approved by the NBA this week to keep the Sacramento Kings basketball team in the capital - thwarting a bid by Seattle investors to move the Kings to the Pacific Northwest. ...
More...
More...