Metro Seattle: NHL, NBA and Arena - Part V
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09-25-2012, 10:49 PM
I solve problems
Join Date: Jan 2009
Location: South of Heaven
Originally Posted by
There will always be folks against public financing no matter how great the arena deals are.
Yep... and Neil deMause (Field of Schemes) is the biggest one that I know of.
Most important, the council effectively gave up on getting assurances that the new arena wonít hurt the future of the existing KeyArena, likely because everyone now admits thereís no way that Key can survive with a newer competitor across town. (The council did agree to spend $7 million to study the future of Key; they could have saved $7 million by shaking their heads sadly and muttering, ďItíll have to go.Ē) And the guarantees of Hansenís financial viability pretty much come down to an independent accountant looking at his books and confirming that heís not cooking them.
Assuming the council votes for this as expected tonight (they already voted unanimously in a committee vote last week to advance it to the full council) and the county council follows suit,
Iíll be rooting for Hansen to succeed, since itíd be nice to have a second successful mostly privately built sports facility to point to in addition to the San Francisco GiantsĎ AT&T Park.
But Iíd still love to be a fly on the wall of Hansenís bookkeeper.
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