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Want To Avoid Getting Screwed On Arena Deals? Look To Seattle. Nine years ago, Seattle’s sports scene was in about as dire circumstances as a city can get. The owner of the Super. Sonics, Starbucks mogul Howard Schultz, had thrown a hissy fit over Washington’s refusal to gift him $2. Oklahoma City hedge fund mogul Clay Bennett, who relocated them to Oklahoma City to become the Thunder. Then- NBA commissioner David Sternhad declared, “If the team moves, there’s not going to be another team there, not in any conceivable future plan that I could envision.” It seemed like either Seattle fans were going to be bereft of basketball for the foreseeable future, or Seattle taxpayers were going to have to cough up big- time for a replacement team—just as Cleveland had for the new Browns, and Houston had for the Texans,and on and on in recent sports history.

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Today, while much remains uncertain about Seattle’s hoops future—more about that in a minute—things are looking somewhat brighter on the getting- ripped- off- by- sports- barons front. Even Lambs Have Teeth Full Movie Part 1. In coming weeks, the city council is set to decide between two plans for new or refurbished arenas, both of which would involve some public money, but in either case far, far less than the 7. Whatever happens, Seattle is not going to get royally hosed, and as things go these days, that’s a not insignificant accomplishment.

Whether you’re a sports fan forever holding in the back of your mind that your team owner could threaten one day to up and leave, or a taxpayer worried about being forced to cough up tax money for some rich dude’s new playpen—or, as is likely, both—you’re probably asking: What did Seattle do, and how can my city get some of that backbone? The answer: a combination of luck, citizen activism, and understanding the leverage that a city has against team owner blackmail. It’s not necessarily easily replicable, and not an unmitigated victory—Seattle will still likely be on the hook for some public cash, and a replacement NBA team still isn’t guaranteed—but it wouldn’t hurt for other towns’ citizens and elected officials to read up on the Seattle arena saga, as part aspirational model, part cautionary tale. By the time of the Sonics’ departure, Seattle had been battling for more than a decade over the use of public money for private sports stadiums. Way back in 1. 99. Mariners were in the midst of an end run around a public vote against stadium subsidies (the team appealed directly to the state legislature, and ultimately won $3. Safeco Field), three local residents,Chris Van Dyk, Nick Licata, and Mark Baerwaldt, founded the memorably- named Citizens For More Important Things.

The best opinions, comments and analysis from The Telegraph. Nine years ago, Seattle’s sports scene was in about as dire circumstances as a city can get. The owner of the SuperSonics, Starbucks mogul Howard Schultz, had. What is pie? Pie is what happens when pastry meets filling. Pie can be closed, open, small, large, savory or sweet. The basic concept of pies and tarts has changed. Log into Facebook to start sharing and connecting with your friends, family, and people you know.

During the brief interregnum after. Bennett bought the Sonics but before he consummated the move to Oklahoma—insisting publicly all the while that he still wanted to pursue a new arena in the Seattle area, even while privately emailing his fellow owners of a move that “I am a man possessed! Will do everything we can” to relocate the team—the new group used. Seattle’s robust public initiative process to launch a preemptive strike against any arena funding demands.

But rather than, say, requiring a public vote on any sports venue funding, as other cities had done, Initiative 9. Any sports spending by the city would have to generate a positive return on investment greater than the city would earn on U.

S. treasury bonds. It turned out to be a clever move. Watch The Other Woman Online Free HD. Not only did I- 9. Having an initiative that basically said, ‘we’re not opposed to stadiums, we just want a fair return on any public funds’—that changed the conversation,” says Licata, who went on to serve 1. Even when Hansen came in, he had to acknowledge that and deal with it.” Hansen was Chris Hansen, a Seattle- raised hedge fund manager who soon set out to prove that he could bring back the NBA within the strictures of I- 9.

Hansen proposed building a new arena near the Mariners’ and Seahawks’ stadiums in the city’s South of Downtown (Sodo) neighborhood, using a combination of private borrowing and public bonds that would be repaid with an intricate assortment of rent, ticket taxes, and kicked- back business, property, and sales taxes on the arena. On the surface, this was a common public funding dodge: “Incremental tax revenues” are generally pooh- poohed by economists as a subsidy by other means, since all evidence shows that entertainment spending in one part of a metropolitan area just ends up being cannibalized from somewhere else. Still, the dollar figures were low enough that if Hansen’s plan didn’t create a treasury- bond- level ROI (as it turned out, I- 9. My own back- of- the- envelope analysis at the time showed that Hansen’s arena would at least be close to break- even for the city, assuming that at least some neo- Sonics fans were encouraged to spend their money within city limits rather than out in the suburbs. The council approved the Sodo arena plan in September 2. Licata was one of two councilmembers voting no.) And then everyone waited for Hansen to land an NBA team, which he insisted was a precondition of building the arena. He came close. The Maloof brothers almost moved the Sacramento Kings to Seattle in 2.

Sacramento city council and the arrival of tech mogul Vivek Ranadivé to buy the Kings put the kibosh on that. Hockey might have been an easier get for Hansen, and will still presumably follow the return of the NBA before long, but by all accounts his main motivation was sating his sports jones, and his game was hoops.) The Sodo plan trundled along, though, right up until May 2. Seattle council unexpectedly voted down a small but key piece of legislation, denying Hansen the right to close a one- block stretch of a public street that he needed to make way for his arena. Arena backers griped, with some reason, that council had only rejected the street closure at the behest of unions representing workers at the Port of Seattle, who had long opposed anybody building an arena on their damn lawn.(Some also griped, far less reasonably, that the councilmembers who voted down the street vacation would never have done so if they’d been in possession of penises, and presumably done their thinking with them.) But the deed was done, and the Sodo arena was back to square one. At this point, attention began to turn back to the old arena that Schultz had been seeking to get taxpayers to renovate before he sold out to Bennett. Key. Arena (originally the Seattle Center Coliseum before a bank naming- rights deal) had been built in 1. Down the road, we hoped there’d be a bidding war,” says Licata, who helped arrange the Key proposal before leaving the council.

But I think the major thrust still was the Sonics played in the Key. Arena, they made a profit in the Key. Arena, Key. Arena is a public facility.

We had something that worked—why are we going somewhere else?” Incredibly, it did work—sort of. Two competing companies, AEG (controlled by Philip Anschutz, owner of the Los Angeles Lakers and Kings, as well as the Staples Center) and Oak View Group (run by Anschutz’s estranged former lieutenant Tim Leiweke, in partnership with Madison Square Garden’s arena- management arm), put forward a pair of convoluted financing plans that didn’t quite meet the city’s no- public- money pledge, each demanding kickbacks of “incremental” taxes à la Hansen (Oak View asked for about $4.

AEG, which eventually dropped out, sought closer to $1. Oak View additionally asking for $5. Watch Le Manoir Du Diable Download.

The actual tax benefits to Seattle that were supposed to repay these costs were, as usual, murky; a study by University of Washington public policy professor Justin Marlowe reported Hansen’s plan would generate $1. Key redo, only to have its author himself note that tweaking a couple of assumptions could make for very different results. And that, pretty much, is where things stand today.