Rendering of the proposed new arena to be built in Savannah, Ga.

The city of Savannah, Ga., has approved a $2.8 million contract for Chicago-based project management firm Jones Lang LaSalle to oversee the process of designing and constructing a new 9,000-seat arena to replace 43-year-old Martin Luther King Jr. Arena.

Under the plan, Martin Luther King Jr. Arena will be repurposed or demolished upon completion of the new arena but will remain open until that time.

That arena shares i...

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