TITLE

Seattle Sonics Seek to Renovate Arena With $200 Million in Tax-Backed Bonds

AUTHOR(S)
Cohen, Jackie
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/3/2006, Vol. 355 Issue 32331, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the Seattle SuperSonics basketball team's support of the proposal to use King County, Washington's tax-backed bonds to finance the renovation of its home court, the Key Arena in Seattle. State Representative Larry Haler is co-sponsoring the HB 3222 bill that would provide the financial backing for the renovation. Sonics' principal owner Howard Schultz and National Basketball Association commissioner David Stern are supporting the companion bill, SB 6849 which would make permanent the hotel, restaurant and visitor tax revenue that back bonds used to finance Seattle's other professional sports venues.
ACCESSION #
20281861

 

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