Yahoo: Sacramento announces $450 million deal to build basketball arena (Reuters)

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By Laila Kearney SAN FRANCISCO (Reuters) - Sacramento officials announced on Saturday that they had reached a $450 million deal with private developers to build an entertainment and sports complex they hope will keep the Kings basketball team from leaving town for Seattle. A private investor group led by hedge fund manager Chris Hansen is seeking to buy the Sacramento Kings and move them to Seattle. ...

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