The Bee's Tony Bizjak reports developer Gerry Kamilos is already working on a back-up plan to potentially sell and develop the current ARCO site and land to help fund a downtown arena. (Chris Webber voice: "Good luck.") Bizjak reports the developers have a 30-day window to submit a new plan to the city, which is working with the NBA to figure this thing out. The NBA could also seek another plan on its own.

(Right?)

UPDATE: The Maloofs have released a brief statement about the vote: