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SACRAMENTO, Calif. -- Sacramentos City Council on Tuesday approved a financing plan for the Kings NBA franchise, clearing the way for construction on a $477 million downtown arena. The council voted 7-2 on the package during a meeting that caps off the citys lengthy struggle to keep the team from moving to Seattle a year ago. Mayor Kevin Johnson declared "Long live the Kings" after the final vote, and the chamber erupted in cheers along with team owners. "We had our backs against the wall, but we defied the odds. We made a comeback for the ages and in doing so, I feel like we unleashed the very best that Sacramento has to offer," said Johnson, a former three-time NBA All-Star who maintains strong connections to the league. Under the 35-year deal, the city would be responsible for a $223 million subsidy, much of it financed through a parking revenue bond. The city would pay an estimated $21.9 million a year in debt service that would be paid through lease payments from the Kings and a projected increase in parking revenue. The city also is transferring $32 million worth of land and allowing the team to operate six digital billboards. In return, the Kings would contribute $254 million to construct the arena and develop surrounding land with a hotel, office tower and shopping. Construction on the crown-shaped sports facility will break ground this summer and open in time for the 2016-17 season. At the start of the council meeting, Kings President Chris Granger called it a historic day for the team and Sacramento region, saying the arena would serve as a hub for economic development. The project would bring 11,000 construction jobs and 4,000 permanent jobs, he said. "This is certainly bigger than basketball," Granger said. "But it doesnt just end there. At the very core, this project is about community." The NBA had told the city that it must open the arena by 2017 or risk losing the Kings. Former Kings owners George, Joe and Gavin Maloof considered moving the team to Las Vegas, Anaheim and Virginia Beach, Virginia, until announcing an agreement that called for investor Chris Hansen to buy the team and move it to Seattle. Johnson led the city in a fight to keep the Kings and got the City Council to approve a plan for a new arena. The Maloofs then sold the Kings to a group led by TIBCO Software Chairman Vivek Ranadive. The council approved a financing plan that allows for construction on the new sports and entertainment complex to replace an aging shopping mall a few blocks from the Capitol. The Kings have played in Sacramento since 1985 and currently play in the 26-year-old Sleep Train Arena, in the citys north end. Scott VandenBerg, general manager of the Hyatt Regency Sacramento and chairman of the board of the Sacramento Convention and Visitors Bureau, told the council that the arena will support new and existing businesses by expanding tourism. "Just the speculation that an entertainment and sports complex was going to be approved has already helped improve the health of our downtown core," VandenBerg said. Council members who opposed the deal said that the projects economic benefits are overstated and fear the city isnt getting enough from a public subsidy. Councilman Darrell Fong said the arena adds too much debt. "I know my vote wont stop this deal," Fong said. "Believe me, I hope Im proven wrong." A majority, however, hailed Tuesday as a pivotal moment for elevating the citys reputation. "Its not just about a venue for entertainment and sports; its about the type of life that people get to have when they choose to live in our region," said Councilwoman Angelique Ashby. Critics unsuccessfully tried to block the citys subsidy with a petition drive that failed to qualify for the ballot. Opponents including Patrick Soluri, a Sacramento attorney, vowed to continue to fight. "The mayor and City Council no longer represent the interests of ordinary citizens," Soluri told the council. "Cronyism is running rampant, subsidies for the super-wealthy are handed out at the expense of working-class people and basic municipal services." Before the vote, the team sponsored a rally outside City Hall to show support for the project, drawing hundreds of fans, many of them dressed in purple, the teams colour. Dave Concepcion Jersey . Down 2-1 after Rick Nash scored on a penalty shot, the Oilers ran off four unanswered goals in the remainder of the second period on the way to a 6-3 victory on Sunday. Tom Seaver Jersey .ca NHL Power Rankings, ahead of the Chicago Blackhawks, St. Louis Blues and Anaheim Ducks. Moving up, from 10 to seven this week, the Pittsburgh Penguins have won seven straight despite a depleted lineup. http://www.redsgearshop.com/Reds-Eugenio-Suarez-Kids-Jersey/. Siddikur, who led on all four days and took a four-stroke lead going into the final day, bogeyed four out of six holes starting at the sixth and continued a forgettable last round in which he returned a three-over 75 to finish with a 14-under 274. Billy Hamilton Jersey . Tony Parker had 33 points and nine assists and San Antonio never trailed in a resounding 116-92 victory over Portland, bullying the younger Trail Blazers in Game 1 of the Western Conference semifinals. Joey Votto Jersey . In five games last month, Billings led all scorers with 11 goals, 27 assists and 38 points as the Rock posted a 2-3 record.MONTREAL -- Two-time major champion Li Na pulled out of the Rogers Cup and the U.S. Open on Thursday because of a knee injury she said has bothered her for several months. The only tennis player from China to win a Grand Slam singles title also withdrew from next months hard-court tournament in Cincinnati. "I wanted to let all of my great fans know that unfortunately I am going to have to withdraw from the upcoming WTA events in Montreal and Cincinnati, as well as the US Open," she said in a statement released by Tennis Canada. "Since March, I have been struggling with my knee and it is just not where I need it to be in order to play at the highest level. My medical team has advised me that I need to take some time off to rest my knee so it heals. "I look forward to getting back on the court this fall in Wuhan and Beijing." Li played in the last four editions of the Rogers Cup. In 2012, she reached the final in Montreal before falling to Petra Kvitova of the Czech Republic. As a result of the withdrawal, Eugenie Bouchard of Westmount, Quee.dddddddddddd, becomes the fifth seed at the Aug. 1-10 tournament at Uniprix Stadium. Shell get a first-round bye along with the other top eight seeds. Also Thursday, tournament organizers announced that Yvonne Meusburger of Austria will miss the event and American players Barbora Zahlavova Strycova and Alison Riske will enter the main draw. The official draw will be held Friday and the qualification rounds begin Saturday. Li did not specify which knee was injured, but she played with her right knee taped up at Wimbledon, her most recent tournament. The U.S. Open begins Aug. 25. Li won the Australian Open in January for her second major title. She also won the 2011 French Open. In May, Li lost in the first round of the French Open, beaten by a player ranked 103rd. At Wimbledon in June, Li bowed out in the third round. On Wednesday, 14-time major champion Rafael Nadal announced he hurt his right wrist in practice and would miss the Rogers Cup in Toronto and the Cincinnati event, although he holds out hope of defending his title at the U.S. Open. 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