According to Chris Daniels of KING-5, it would appear that Clay Bennett is going to be very happy in a few weeks.
Daniels quotes local politician Margarita "Renton, Baby!" Prentice that the KeyArena/Husky Stadium renovation bill is "very, very doubtful" to see any success during this legislative session, meaning Mr. Bennett will NOT have to cut a check in the amount of $30 million to the City of Seattle.
Like sports, anything is possible in politics, but it would appear that the current economic catastrophe has combined with a distaste for the NBA to create a bitter arena soup the legislature is uninterested in eating.
However, with so many franchises in financial peril these days (Indiana, Memphis, New Orleans, the Sonix, etc.), I wouldn't be panicking if I wanted to see the NBA back in Seattle. True, every year which passes makes it more and more unlikely to see a return of pro hoops, but Seattle still has to rank at or near the top of the list of destinations for destitute owners, right? Right?