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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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Because the billionaire usually has other options.
If the choice is tax giveaways for more corporate suites or watching the team leave...then don't let the door hit you on the way out. Even better if all the billionaire groupies follow them to the next scam.
But that’s the extreme minority view. Most citizens don’t care - that’s why this happens endlessly and people get all pissed off when they lose a team.