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NBA Returning to Seattle?


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Documents: Seattle working to bring NBA back

 

http://seattletimes.nwsource.com/ABPub/2008/08/30/2008030598.jpg

 

SEATTLE (AP)—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.

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The Hornets should move there in my opinion.

 

Take into consideration that Seattle Washington wants a team; N.O.H currently has no owner, has major upside.

 

I'd say a relocation/rebrand of the, "Bee's," would be a major win/win for the league and Seattle.

Edited by Art Hues
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I don't see this happening. Too short of a window to get a team to Seattle (they have until 2013 to get a team or else all Sonics history transfers to OKC) and they don't even have a suitable arena yet.

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Seattle's NBA dreams may come at Sacramento's expense

 

http://i.cdn.turner.com/nba/nba/2012/news/features/david_aldridge/02/13/morning-tip-linsanity/key-arena-608.jpg

 

Seattle will have to finance and build a new arena if it wants to bring the NBA back to the Emerald City.

There will be a reckoning, one way or the other, in the next three weeks, that will determine the fate of the Sacramento Kings and the city of Seattle. I hate this. People that I like are going to be hurt, one way or another: either good fans in what has been a great NBA town, Sacramento, or fans in Seattle whose team was ripped from their hearts, and now seek to do the same to someone else.

 

Four years after the Sonics left town, Seattle's again hoping that it will have a team, and soon. The issue, then as now, is a new arena. The Commish will not even have a meeting with you if you don't have a new arena in your back pocket. And Christopher Hansen, a hedge fund manager from San Francisco and a Seattle native, thinks he can get a building built in downtown Seattle. He's bought land in downtown, near where the NFL's Seahawks and MLB's Mariners play.

 

The reason Hansen's plan is relevant is that the Kings and the city of Sacramento have two and a half weeks to come up with their own plan for a new building in downtown Sacramento. If they can't reach agreement, the Kings would be a team without an arena, leaving the team's owners, the Maloof Family, with a hard decision: stay at Power Balance Pavilion, which can't produce enough revenue; sell, which the principal owners, Joe and Gavin Maloof, are dead set against, or move the team. Somewhere.

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