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[Seattle Times] 15 years after moving Sonics, now it’s the Thunder asking for publicly funded arena
(www.seattletimes.com)
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I agree. But that's how you end up without a team, losing a few thousand jobs and maybe a hundred businesses.
If city owns the stadium, they can still utilize it. Concerts, events, future sports teams etc can be scheduled and profited from. If it is policy not to pay for stadiums, or that the city controls the stadium if they do, billionaires won’t be able to use that as a threat.