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Ferguson statement on proposed arena agreement
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Following today’s announcement of a proposed agreement governing financing for a new, multi-purpose arena, Metropolitan King County Councilmember Bob Ferguson issued the following statement:“Protecting taxpayers from financial risk has been and will continue to be my top priority when it comes to the proposed new arena. I will be taking a hard look at the security provisions to make sure the public won’t be on the hook for any cost overruns, operating shortfalls, or new taxes.
“As a long-time Sonics fan, I am pleased a proposed agreement has been reached that could lay the foundation for bringing basketball back to our region.
“Moving forward, I will work with my Council colleagues to ensure this proposed agreement gets a thorough and timely review.”
