July 28th, 2006
The Sonics sale to an out-of-state business group caused a huge flurry in the media and the public. However, the question remains as to whether the Sonics will move now that the new owners are from Oklahoma City and that city built a new arena for the purpose of securing a NBA team. Their arena is currently occupied by the NBA team The Hornets. However they are officially based in New Orleans and are expected to return to their home town possibly as soon as the end of the next season. That would leave Oklahoma City without a NBA tenant.
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Posted: July 28th, 2006 under
Sports,
UP.
Tags:
Key Arena,
NBA,
Sonics,
UP
May 3rd, 2006
This proposal is a State Legislative financial package that does not subsidize the Seattle Sonics, but does allow them to use the Key Arena in a profitable manner by eliminating the current outstanding debt on that facility. It does not provide the Sonics with, as they have requested, a new facility.
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February 9th, 2006
The State Legislature is currently considering two bills, House Bill 3233 and Senate Bill 6849, which will open the door for the Sonics to receive over $240 million in public subsidies.
These bills do not mention the Sonics in their titles, although their attorneys helped craft them. The titles simply state that local taxes will be extended to fund arts and cultural institutions and programs, tourism promotion and publicly owned sports and entertainment facilities. They also do not require a public vote to extend and divert taxes currently being collected for the baseball and football stadiums. Public votes were taken regarding the public funding of the baseball and football stadiums.
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Posted: February 9th, 2006 under
Sports,
UP.
Tags:
Key Arena,
Sonics,
tourism,
UP
October 26th, 2005
The City Council unanimously passed a resolution on October 24 stating that no city funds will be used to lobby the State Legislature for a remodel of KeyArena unless both the Council and Mayor jointly agree such action is appropriate.
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Posted: October 26th, 2005 under
Arts and Culture,
Sports,
UP.
Tags:
Key Arena,
UP
