Published: 2 years 81 days ago
Sacramento Bee: The Cal Expo board of directors voted Friday to terminate a letter of understanding it had with the NBA regarding a 2-year-old proposal to build a basketball arena at the state fairgrounds. That proposal had already been ruled dead because of a lack of financing.
The letter had prohibited Cal Expo and the NBA from talking with third parties about alternative plans. However, the NBA already had signed off on a separate proposal to move Cal Expo to Natomas and develop the state fairgrounds to help finance a new arena in the downtown railyards.
http://www.sacbee.com/2010/02/27/2569324/cal-expo-board-closes-book-on.html
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