May 18, 2014 12:00 AM

Will Sacramento take the gamble? Arena deal poses both risk and reward

Sacramento is poised to make one of the most expensive wagers in its history Tuesday, when the City Council votes on a binding agreement with the Kings to build a $477 million arena at Downtown Plaza. The public’s end of the bargain: a $255 million subsidy. In return, the Kings will convert the downtown shopping center into a silvery-white arena that city officials say will revive the urban core.

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