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Seattle Supersonics

1x Champion:
1979

The Sonics franchise moved from Seattle to Oklahoma City in 2008









Formerly called Seattle Center Coliseum before renovation in 1994



 

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Probably the best sightlines of any NBA arena to date. I always liked the exterior and concourses as well, real unique feel to it, a little on the small side for the association, but a nice basketball arena none the less.
 

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Who is going to pay for it? Even before the Sonics were sold to Clay Bennett, the state was not going to give more money to sports facilities. WA Senate Bill 6116 has been a mess for over two years.
The reason rumors about Steve Balmer buying the Hornets to move them to Seattle are flying about is because he recently cashed out a whole bunch of his microsoft stock (to the tune of $1.3B: http://seattletimes.nwsource.com/ht...73_steveballmerselling2binmicrosoftstock.html).

Figure however much the Hornets are worth now is probably in the range of a couple hundred mil, that still leaves him with almost $1B to do with as he pleases, like saaaay build his own arena? And since he'd be footing the bill, it can go pretty much anywhere. There's a whole discussion on it over in the Seattle forum. Someone even thought up a pretty good name for it:http://www.skyscrapercity.com/showthread.php?t=1259007
 

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The reason rumors about Steve Balmer buying the Hornets to move them to Seattle are flying about is because he recently cashed out a whole bunch of his microsoft stock (to the tune of $1.3B: http://seattletimes.nwsource.com/ht...73_steveballmerselling2binmicrosoftstock.html).

Figure however much the Hornets are worth now is probably in the range of a couple hundred mil, that still leaves him with almost $1B to do with as he pleases, like saaaay build his own arena? And since he'd be footing the bill, it can go pretty much anywhere. There's a whole discussion on it over in the Seattle forum. Someone even thought up a pretty good name for it:http://www.skyscrapercity.com/showthread.php?t=1259007
The wealthy generally do not buy a team then just build a facility. Bill Davidson was one of the last and he proved that it is profitable with private funds. Look how Jerry Jones is extended on his debt.

Please tell me two owners, billionaires or not, who are building their own facilities with private funds only in 2010.

They do not make money by spending their own cash. They are all looking for an handout or for others to assist in paying the bill as they hold the collateral.
 

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The wealthy generally do not buy a team then just build a facility. Bill Davidson was one of the last and he proved that it is profitable with private funds. Look how Jerry Jones is extended on his debt.

Please tell me two owners, billionaires or not, who are building their own facilities with private funds only in 2010.

They do not make money by spending their own cash. They are all looking for an handout or for others to assist in paying the bill as they hold the collateral.
Right, we are coming to the end of the era where owners can hold sports franchises ransom to ask for public funds since most municipalities are flat broke. Considering every city in Seattle region and the state of Washington are dealing with large budget holes, anyone asking for a handout will probably be told to blow it out their asses. The state even has a law on the books now that they aren't even legally allowed to give money for pro sports facilities unless it can be shown that they will come out ahead on the deal. If a new/renovated facility happens, it will be with little to no public funding.

And for the record, the New Meadowlands was paid for by the Giants and Jets, no public money.
 

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Any arena built around the basketball court instead of the hockey rink is going to have good sight lines:

Arco Arena
Key Arena
Conseco Field House
American Airlines Arena (or whichever one the Miami AA arena is)
Bobcats Arena
Amway Center
etc
 

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Right, we are coming to the end of the era where owners can hold sports franchises ransom to ask for public funds since most municipalities are flat broke. Considering every city in Seattle region and the state of Washington are dealing with large budget holes, anyone asking for a handout will probably be told to blow it out their asses. The state even has a law on the books now that they aren't even legally allowed to give money for pro sports facilities unless it can be shown that they will come out ahead on the deal. If a new/renovated facility happens, it will be with little to no public funding.

And for the record, the New Meadowlands was paid for by the Giants and Jets, no public money.
The New Meadowlands also took the bulk of the NFL G4 financing program, thus leaving the bank nearly at zero.
 
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