Looks like you can forget about any money for an arena in the Seattle area anytime soon......
"Estimates are that Washington could face a budget shortfall for the 2009-2011 biennium of $2.5 billion
. Governor Chris Gregoire has said that she's not interested in tax hikes. "I said it four years ago, I'll say it again now: The last thing you want to do is go for taxes when you've got an economic downturn." Instead she has asked state agencies to tighten their belts and identify ways to cut spending
. Yet, during an economic downturn state services become even more important to those in need"
Speaking of businesses facing tough times, have you heard about WaMu? I'll bet Durant is glad that he moved his $$$ to an Oklahoma bank....
"JPMorgan Chase acquired the banking assets of Washington Mutual late Thursday after the troubled thrift was seized by federal regulators, marking the biggest bank failure in the nation's history
and the latest stunning twist in the ongoing credit crisis."