How is it that Fred Brown and Dave Bean (the two B's in the B2 Inc. involved in the new arena proposal announced today) can so casually talk about raising $1 billion for their megaproject, and the city simultaneously have little or no success at raising $75 million to renovate KeyArena?
Since the two B's are so adept at raising cash, perhaps someone could persuade them to use their fundraising skills to raise the $75 million, inasmuch as that amount is a mere 7.5% of the figure they're tossing around.
To put it in perspective, $75 million is to $1 billion as 75 bucks is to a thousand dollars.
"To put it in perspective, $75 million is to $1 billion as 75 bucks is to a thousand dollars."
ReplyDeleteOr, as reality is to this proposal.
I hate to pile on people that are supposedly trying the help the Sonics, but how does this soluation help anyone? It's completely unrealistic, offers no information AT ALL on funding, and completely distracts from the city trying to raise $75 million to finish KeyArena.
It boggles my mind that the city cannot come up with the 75 mil. or that no private entities haven't come on board. It seems to me that someone has to be able to come up with a creative financing solution to make this happen, whether it be naming rights, gold bricks, or whatever.