The city of Seattle has been working behind the scenes the past eight months with a hedge-fund manager to bring an NBA team back to town— possibly as early as next fall if the Sacramento Kings fail to get a satisfactory deal for a new arena, newly released documents show.
The city turned over the documents to The Seattle Times on Friday under a public records request (http://is.gd/PyQ06N ). The documents included the agenda for a meeting between the parties on Dec. 13, with topics including “Review of Basic Deal Structure,” “City Debt Capacity” and “Financing Issues.”
A Seattle native who now lives in San Francisco, 44-year-old hedge-fund manager Christopher Hansen, approached the city about his desire to buy an NBA team and build an arena south of Safeco Field, the documents show. Hansen told city officials an arena could be built with minimal impact on taxpayers.
— Reported by the Associated Press
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