The Union Recorder

Local Sports

January 22, 2013

Maloofs agree to sell NBA's Kings to Seattle group

(Continued)

SEATTLE —

Hansen, a Seattle native and San Francisco-based investor, reached agreement with local governments in Seattle last October on plans to build a $490 million NBA/NHL arena near the city's other stadiums, CenturyLink Field and Safeco Field. No construction will begin until all environmental reviews are completed and a team has been secured. The arena also faces a pair of lawsuits, including one from a dock workers union because the arena is being built close to port and industrial operations.

Hansen's group is expected to pitch in $290 million in private investment toward the arena, along with helping to pay for transportation improvements in the area around the stadiums. The remaining $200 million in public financing would be paid back with rent money and admissions taxes from the arena, and if that money falls short, Hansen would be responsible for making up the rest.

Other investors in the proposed arena include Microsoft Chief Executive Steve Ballmer and two members of the Nordstrom department store family.

"While there is more work ahead, this is a major step toward bringing the Sonics home," McGinn said.

Sacramento fans hope this is not the final chapter in their quest to save the Kings. Johnson has once already saved the Kings from relocation when he made a pitch to the Board of Governors and bought the city time to broker a deal that appeared to solve the team's arena woes. But the Maloofs backed out of that tentative $391 million deal for a new downtown venue with Sacramento last year.

Already, Johnson and other politicians have started wrangling for the Kings again.

California state Senate President Pro Tem Darrell Steinberg, a Sacramento Democrat, wrote a letter to state officials dated Tuesday — and released to several news outlets — asking them to detail how much money Ballmer's Microsoft company earns on state contracts.

Text Only
Local Sports
  • State amputee golf tournament this week

    The Milledgeville Country Club will host the Georgia State Amputee Golf Tournament beginning Friday with a shotgun start at 12:30 p.m. for the four-person scramble prior to the individual stroke play portion the following two days.

    July 10, 2014

  • Kalie Todd.jpg Elite Gymnastics posts strong showing at nationals

    Competing on the national stage at the ESPN Wide World of Sports Complex in Kissimmee, Fla. June 11-15, Elite Gymnastics posted some of its best results in program history at the Amateur Athletic Union (AAU) Gymnastics National Championship.

    July 9, 2014 5 Photos

  • 06-26 Jayla Waller.jpg Former Bravette to play for Georgia College

    One of the most decorated players in Baldwin High School girls’ basketball history, Jayla Waller advanced to the collegiate level competing for Lafayette College in Easton, Pa. this past season as a freshman.

    June 27, 2014 1 Photo

  • 06-21 Ramsey.JPG Amateur golf talent turns pro

    Professional golf is unforgiving and expensive.

    June 21, 2014 1 Photo

  • 06-14 GMC summer basketball.jpg Bulldog basketball busy this summer

    Georgia Military Prep School boys’ basketball coach James Lunsford is notorious for working his players year-round to become better athletes and better students.

    June 16, 2014 1 Photo

  • IMG_2312.JPG Ross a future star

    The numbers speak loudly for David Ross Jr.

    June 11, 2014 5 Photos

  • 06-06 Blackbelt.jpg Mother-daughter combo make history at local karate studio

    History was made on Thursday, May 22 at Drouillard’s Karate Studio, as the school’s first mother-daughter combination in Mary Beth and Lindsey Atkinson tested and achieved the pinnacle black belt status on the same night.

    June 6, 2014 1 Photo

  • DSC_1061.JPG Youth explore tennis during GC camp

    Georgia College's tennis courts appeared to be a busy place on Wednesday afternoon.

    June 5, 2014 3 Photos

  • coach k camp.JPG Coach K's Soccer Camp kicks off with sweat

    Kids attending Coach K's Soccer Camp get their cleats dirty day one.

    June 3, 2014 3 Photos

  • 05-31 Cody Miller 3.JPG Miller’s versatility boosted Trojans this season

    Representing the John Milledge Academy baseball team well this spring, junior Cody Miller proved versatility is a key ingredient at the high school level as he led his team offensively and in pitching, earning him 2014 All-County Player of the Year honors.

    June 1, 2014 1 Photo