A new lawsuit has been filed in Seattle attempting to block construction of an arena that could house the now-Sacramento Kings.
Citing a 2006 voter-approved initiative that requires the city of Seattle to profit from public investments in sports facilities, the lawsuit seeks to block a $200 million city and county subsidy of a planned arena. Hedge-fund manager Chris Hansen is working with Seattle and King County to build the $490 million facility, and Hansen is also in talks to purchase the Kings and move them to the Pacific Northwest.
According to a report in this morning's Seattle Times, the lawsuit charges that the arena plan fails to satisfy Initiative 91 because the funds planned to repay the public investment "represent unsecured future cash revenue or interest repayment that is not allowed under the initiative."
The arena plan is facing another lawsuit by the union representing longshoremen at the Port of Seattle. That suit charges that the city and county agreed to a deal with Hansen and his group on an arena financing plan before properly studying the project's impact on freight mobility or looking at other locations.
© Copyright The Sacramento Bee. All rights reserved.
Read more articles by Ryan Lillis
What You Should Know About Comments on Sacbee.com
Sacbee.com is happy to provide a forum for reader interaction, discussion, feedback and reaction to our stories. However, we reserve the right to delete inappropriate comments or ban users who can't play nice. (See our full terms of service here.)
Here are some rules of the road:
Keep your comments civil. Don't insult one another or the subjects of our articles. If you think a comment violates our guidelines click the "Report Abuse" link to notify the moderators. Responding to the comment will only encourage bad behavior.
Don't use profanities, vulgarities or hate speech. This is a general interest news site. Sometimes, there are children present. Don't say anything in a way you wouldn't want your own child to hear.
Do not attack other users; focus your comments on issues, not individuals.
Stay on topic. Only post comments relevant to the article at hand.
Do not copy and paste outside material into the comment box.
Don't repeat the same comment over and over. We heard you the first time.
Do not use the commenting system for advertising. That's spam and it isn't allowed.
Don't use all capital letters. That's akin to yelling and not appreciated by the audience.
Don't flag other users' comments just because you don't agree with their point of view. Please only flag comments that violate these guidelines.
You should also know that The Sacramento Bee does not screen comments before they are posted. You are more likely to see inappropriate comments before our staff does, so we ask that you click the "Report Abuse" link to submit those comments for moderator review. You also may notify us via email at email@example.com. Note the headline on which the comment is made and tell us the profile name of the user who made the comment. Remember, comment moderation is subjective. You may find some material objectionable that we won't and vice versa.
If you submit a comment, the user name of your account will appear along with it. Users cannot remove their own comments once they have submitted them.