Cactus Jack wrote:Thunderhead wrote:On the day in July 2006, when the sale of the Sonics to Clay Bennett was announced in a PC, Bennett told them they had one year to have a plan in place for a new arena, or he would have to look at his options.
That was reported in every major Seattle news outlet. How that gets spun into Bennett making a promise to build an arena , I've no idea.
Bennett hired an architectual firm to draw plans for a new arena, and it was in the $500 million price tag. Seattle revolted at spending that much money, which they considered exhorbitant. And a few years later, after losing the Sonics, they have plans for a new arena that exceed $500 million.
If Seattle was surprised that he decided to move the team after there was no arena plan in place , then its on them. Evidently , they did not believe him. But he never lied to them, he made it clear from day one.
You would think the threat of losing the team, would motivate Seattle to build an arena. But the support was not there.
He is viewed as lying about "his good faith effort to stay in Seattle" with said arena. Once the sale was final, he had absolutely NO intentions to keep the team in Seattle, arena or no arena!
He simply lied about wanting to stay in Seattle, period! Those emails also did him no favors.
The sale was announced in July 2006. The sale closed in Oct 2006 . In Nov 2006, the citizens of the City of Seattle passed a public referendum known as I-91, which effectively ruled out any public financing of an arena in Seattle. Here is the Seattle Times on I-91
http://www.seattlepi.com/news/article/I ... 219229.php
Seattle voters likely doomed the Sonics' future in the city Tuesday -- but don't count the suburbs out yet, the team's new owners said.
"The team fully intends to honor its lease at KeyArena until 2010 and then hopes to relocate to a new facility outside of Seattle, but within King County," Clayton Bennett, chairman of the Oklahoma-based ownership group, said in a statement.
Initiative 91, which aimed to slap down taxpayer-funded subsidies for professional sports teams, was leading by an overwhelming margin Tuesday.
I-91 would prohibit Seattle from supporting teams with city tax dollars unless such investments yield a profit on par with a 30-year U.S. Treasury bond, currently about 4.75 percent.
Chris Van Dyk, who headed the campaign, called any claims that state lawmakers legislators might now authorize a publicly subsidized arena in elsewhere in Western Washington "baloney."
"With this kind of vote in the city of Seattle, it's extremely unlikely that any tax subsidy would make its way through the Legislature, particularly one without a public vote," as Bennett has called for, Van Dyk said. And "on the outside chance that one did, we would work to block it."
With no help from the City of Seattle, Bennett then employed an architectural firm from Kansas City, to design an arena. And he took the plans to the Washington state legislature, where he had help from a state senator named Margarita Prentice, who introduced his plan in a senate committee. It never got out of committee, primarily because the most powerful state legislator , Speaker of the House Frank Chopp, had already declared the plan dead before the committee ever voted.
This took place in Feb and Mar of 2007. Seattle had till July 2007 to come up with a plan for an arena. Without the City or State providing any financing, the issue was dead and done at that time.
Bennett waited till July 2007, then began making plans to move the team to OKC. He fulfilled his obligation.
And if anyone thinks an owner of a team from outside a community, is going to get a vote to raise taxes for a facility without much much help from those in that community, they're dreaming. Getting a new arena was futile and after July 2007, Bennett did not have to lift a finger.
He just had to find a way to get out of the lease, which really was not hard.
And actually, Bennett was in a no lose position. If a new arena was not built, he gets the move the team to his hometown. If an arena is built, the value of the franchise skyrockets, and he doubles his money.