SACRAMENTO, Calif. (AP) -- Sacramento Kings owners Joe and Gavin Maloof are growing increasingly optimistic that the city will approve an acceptable financing plan for a new arena by the March 1 deadline to keep the franchise from relocating.

Gavin Maloof said Thursday that the team is pleased with the progress of the city's latest arena project and is encouraged that something can be done in time. Joe Maloof said the brothers are optimistic guys and would love for the franchise to remain in Sacramento.

The Sacramento City Council has approved several preliminary measures to finance the arena. A final vote on the project is expected in February.

Sacramento Mayor Kevin Johnson is planning to meet with NBA Commissioner David Stern and other executives in New York on Friday to continue discussions.

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