Originally Posted by rufuspaul
I hope it works out. I hate when teams move. It's gonna happen, but when it does it should be financially painful for the owners.
Hey RBP, what's the latest on getting a team in Seattle?
the sticking point has always been what type of arena the sonics owner wanted and that the public should pay for it. it was argued that the key arena was outdated and a new or refurbished key-- with plenty of corporate boxes-- were needed
but lo and behold check this out:
KeyArena will be profitable for the first time in nearly a decade because last year's $45 million settlement with the Sonics that allowed the team to relocate enabled the city to pay off KeyArena's $34 million debt from the previous remodel.
how i interpret this is: the city of seattle is doing better financially because the sonics are gone and arent having a gun held to the head of the mayor/city council to give corporate welfare to guys like howard shultz and clay bennett
so, unless private investors and/or one of the suburban cities steps forward to build a brand new arena that caters to possible owners who want to bring an nba organization from a faltering city, it will be a LONG time until seattle has the sonics back