Seattle investor regrets bid to defeat Kings arenaPosted by Inside Hoops
Seattle billionaire Chris Hansen says he regrets funding a secretive effort to block a new downtown arena for Sacramento’s professional basketball team.
Hansen’s involvement was disclosed by California’s campaign watchdog Friday.
He issued a statement saying he ”made a mistake” by giving a Los Angeles law firm $100,000. The firm secretly funneled $80,000 to a group gathering signatures to force a public vote on the arena plan.
The Fair Political Practices Commission sued to learn Hansen’s identity.
Reported by the Associated Press