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. Will Richardson Jaguars Jersey . -- Jacksonvilles offensive makeover is just getting starting. 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Striker Teofilo Gutierrez poked in Colombias second goal from a deflected corner in the 58th and James Rodriguez capped it off with a low shot in stoppage time after a slick backheel flick from Juan Cuadrado.St. Louis, MO (SportsNetwork.com) - Vladimir Tarasenko scored 4:20 into overtime to lift the St. Louis Blues to a 4-3 comeback win over the Edmonton Oilers. Alex Pietrangelos goal with 7:35 left tied the game to help bail out Blues goaltender Jake Allen, who made 13 saves on just 16 shots. Ben Scrivens faced a barrage of St. Louis shots, stopping 37 of the 41 fired his way. T.J. Oshie started the scoring for the Blues in the first period, and Edmontons David Perron and Nikita Nikitin both scored second-period goals against their former team. Kevin Shattenkirk tied the game 31 seconds into the third period, but Mark Arcobellos goal nearly 3 1/2 minutes later gave the Oilers their second lead of the game. Oshie had three points, and Taylor Hall led Edmonton with two, both assists. Edmonton has now lost nine games in a row, picking up only three points out of a possible 18. The Blues have won six of their last nine games. The Blues could not convert a power play opportunity in overtime, but they managed to beat the Oilers for the 12th time in the last 14 meetings. Tarasenko puck-handled around Edmontons Justin Schultz to create his own shooting lane, and his shot beat Scrivens to get his 13th goal of the season. The Oilers entered the third period with a 2-1 lead, but it did not last long. Only 31 seconds into the period, Shattenkirk ripped a shot through traffic past Scrivens to tie it up for his second goal of the season. They took another lead minutes later. Arcobello beat David Backes crashing the net, and he directed Halls pass across the slot past Allen for his fifth goal of the season to make it a 3-2 game.dddddddddddd Pietrangelo tied the game with his second goal this season as the Blues intensified their pressure. An Oshie shot in tight created a rebound, and with Scrivens down in the crease, Pietrangelo was able to pounce on the rebound and wrist it home. The Blues struck first more than halfway through the opening period. Ian Cole connected with Tarasenko with a perfect cross-ice pass, and Tarasenko dropped it off to Oshie trailing the play. He stepped into the shot and fired it over Scrivens shoulder. St. Louis was burned by a pair of former players in the second period. Perron found a soft spot in the St. Louis defense in the high slot, and he wristed a shot by Allen with traffic in front for his third goal this season. Edmonton took its first lead with less than four minutes remaining in the second. Hall found Nikitin sneaking into the play from the blue line and made a cross-ice pass that Nikitin lifted past Allen for his second of the season. Game Notes The Oilers have yet to win a game theyve trailed after the first period ... Edmonton is now 0-12-2 against the Western Conference ... This is Allens first game since goalie Brian Elliott was injured ... Blues coach Ken Hitchcock tied Mike Keenan for the sixth most wins all-time with 672 victories. 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