Quote:
Originally Posted by New Era
This account doesn't smell on the up and up. if the city were okay with it, they wouldn't be working so hard to get a team back. Just saying.
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Most people in Seattle want the NBA back, and perhaps a new NHL team.
But we are not willing to do it by spending private money on an arena. Seattle was gouged for $500+ million in public money (almost $900 million USD in 2017 dollars) for a baseball stadium that few of us use. After that and the NFL stadium, the citizens were not willing to spend any more tax revenues on stadium welfare.
The reconstructed arena in Seattle will be funded by private investors.