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Kings ownership meeting with Virgina Beach reps, according to report

Kings ownership meets with Virginia Beach representatives to discuss potential relocation

Kelley L Cox-US PRESSWIRE

Virginia Beach continues to strive towards its proposal of a $350 million arena and are already drawing interest from a NBA team. According to a report by The Virginian-Pilot (via CSN Bay Area), Sacramento Kings ownership recently met with Virginia Governor Bob McDonnell and city officials in Virginia to have discussions regarding the proposed arena deal.

According to the report, Virginia Beach's director of economic development Warren Harris gave a brief update regarding the proposed arena to owners of a NBA team. Two sources tell the paper it was the Maloof family, who own the Kings.

"Two sources who were at a city department director meeting last Thursday said Harris gave a brief update on the arena and told the group that (Mayor Will) Sessoms and the governor had recently had meetings with the ownership of the Sacramento Kings and mentioned the Maloof family, which owns the team, by name."

Virginia Beach representatives are claiming the impact of an NBA team will bring in close to $503 million per year for the site while creating a total of 3,700 jobs in the region.

Kings ownership has publicly stated they have received interest from cities interested in moving the Kings to their location, but have not offered much more information then that.