That’s Not What You Said Last Night

The Conversation found a pretty unique story out of Seattle, where the same Sonics who claimed to be essential to the cities economy and pride when they were seeking city money, now claim to be of little value and should be free to move on.

“The team made the argument in papers filed in U.S. District Court this week, seeking mediation or a speedy trial to allow the team to abandon city-owned KeyArena before 2010. In the documents, Sonics’ attorneys dispute the city’s contention that the team’s departure would have a broad and hard-to-quantify impact.

“The financial issue is simple, and the city’s analysts agree, there will be no net economic loss if the Sonics leave Seattle. Entertainment dollars not spent on the Sonics will be spent on Seattle’s many other sports and entertainment options. Seattleites will not reduce their entertainment budget simply because the Sonics leave,” the Sonics said in the court brief”.

These are of course, the same arguments made by many economic studies on the impact of major sports franchises on local economies.

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