KC Council Member Ferguson's statement on proposed arena agreement

Following today’s announcement of a proposed agreement governing financing for a new, multi-purpose arena, Metropolitan King County Councilmember Bob Ferguson (representing Shoreline, Lake Forest Park, and other north King County areas) 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.”