The letter details Ballmer's opinion on the need for professional sports in Seattle. Additionally, he discusses how Key Arena renovations would help revitalize all of downtown Seattle, not solely the Sonics. He also gives the reasoning behind the April 10th expiration date the investment group has imposed, which I have to say makes sense. Here's a summary...
The group is willing to come up with $150 million, while the state Legislature needs to only front $75 million. This group is being incredibly generous, and even propose that another NBA franchise could be secured if Bennett indeed relocates the Sonics. That said, they make it clear that they want the Sonics to stay in Seattle. With the NBA meeting right around the corner, the expiration date gives the state something to truly consider, not sweep under the rug. Let's hope they give it some thought...
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