Jul 25, 2012 MCH joined My Stranger Face
Jul 25, 2012 MCH commented on Build a New Sonics Arena.
@Cato, with how the MOU is structured the public has little to no risk whatsoever. Chris Hansen has stated that any financial deficits will be covered by HIS investment group, meaning the city will get their money back regardless. The partnership is a necessity so that he can borrow money at a lower interest rate to finance the arena. If you are waiting for a 100% private effort to fund an arena, the Sonics probably won't be returning. Which may not matter to you, but it definitely matters to many citizens in the area.

Unless you are referring to the Port's concerns as the public risk (which is based merely upon speculation and data collected in 2003 see Seattle Times), then what risks are you specifically concerned about?