Just days after Tom Benson officially became the new owner of the New Orleans Hornets, the NBA has scheduled a press conference for a "major announcement" in the Crescent City on Monday. NBA commissioner David Stern, Benson, Louisiana governor Bobby Jindal and New Orleans mayor Mitch Landrieu will attend, and while the NBA hasn't announced the topic, New Orleans Arena figures to be the subject.
The NBA, which owned the Hornets for some 16 months, has been working with the city and state governments to put together funding for a renovation of New Orleans Arena to bring it up to speed with the league's other facilities. Stern has often mentioned the need for the governments to help out with funding and favorable terms. Given that Benson, who also owns the New Orleans Saints and has been a leading force in the post-Katrina resuscitation of The Big Easy, will keep the Hornets in southern Louisiana, a quick update on the arena makes perfect sense.
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