An argument in favor of the Sonics & Storm
Given the current state of Democratic viewpoints on this issue, let me first state the obvious:
* The salaries and ticket prices in professional sports are simply ridiculous. * We as a community have much, much, much more pressing issues at stake then arena funding. * Clay Bennett's proposal this week for $300+ million in public financing for a new arena is a joke, and if he's not willing to negotiate then he deserves a one-way ticket to Oklahoma City.
But let's look at some of the positives effects in our community that come from professional basketball:
Economics: This impact is felt not just in ticket sales, but also in revenue generated outside the arena through hotel rooms, parking, souvenirs, food and drinks, etc. And while some of that revenue might still be spent locally, there is going to be a lot that we would lose without the Sonics/Storm. Basic economics demonstrates that's it's smart to spend some money today to have a significant, consistent revenue stream for decades. And that's what these teams provide.
Even if you personally find pro sports distasteful, doesn't it make sense to secure a long-term source of revenue for a relatively small investment ($100-150 million being relatively small by our state's standards)? And for those who would be opposed to that because of the amount of schools and roads that can be built with that money, I ask this: Would you rather have $150 million today to spend on those items, or $1 billion over the course of the next 20 years? Community impact: We are fortunate to have a Governor and state legislators who are so focused on the importance of education. I think just about everyone here will agree that it is our foremost responsibility to prepare future generations for adulthood. And many kids who have it rough often get through the days due to believing they can accomplish something, that they can be someone down the line. Obviously good schools, fairly-paid teachers (we still have a way to go there), and working wages for their parents are the key cogs in that engine. But anyone who can remember being a kid understands the importance of heroes - and having local sports teams is the primary source of those heroes for lots of kids. I went to school for a few years in a low-income area near Ft. Lauderdale, with high dropout rates and many kids with uneducated parents. I couldn't count the number of kids who stayed in school largely because of the opportunity to play sports. Having local icons for these kids can make a huge impact on a child's desire to better themselves. Go to a Storm game, and count the number of young girls who go crazy for those players, and then try to claim with a straight face the Seattle area doesn't derive some benefit from professional basketball. I can't speak for anyone else, but personally I think this alone makes the Sonics and Storm - the most recent Seattle team to win a major championship, BTW - worthy of at least some public investment. Primarily, I've heard two major viewpoints used against public funding of sports arenas. The first is that the players make too much money and the whole business of professional sports is a joke. You will get no argument from me on that front. However, those are the realities of the situation. And as much as it turns my stomach to see a Flip Murray-type get paid millions of dollars to play defense like a guy with a red cape running from a bull, knowing that it's helping the economy to fill those seats is a very worthwhile tradeoff. It's similar to, albeit on a much different scope of importance, to those who push for abstinence-only education taught in schools because they would prefer kids don't have sex before marriage. Most good public officials I know say something along the lines of "Politics is the art of the possible, at least for today." You and I aren't going to decrease the salaries of pro athletes any more than we're going to guarantee every kid remains a virgin until marriage, so why lose a valuable revenue stream for our state and punish our economy for a wish that is pure folly? And contrary to current talking points often heard in debates and on local blogs, public funding for arenas IS NOT A HANDOUT. A handout is when you give something and get nothing in return. To say that we as a community get nothing from the Sonics and Storm is misinformed at best, blatant dishonesty at worst. The other major argument is that the owners are already rich, and should have to pay for their own stadiums. While I agree that the business itself should contribute a significant portion of the funding, the idea that they are the only ones who benefit ignores the impact on the local economy. Since the state will benefit, the state should share in the investment to some degree. It's just a question of how much - the current proposal from Clay Bennett isn't equitable, and neither was Howard Schultz' final proposal before he sold the team. But a number can be found if both sides are willing to be reasonable. Similarly, the idea that just because the owners are already wealthy, we're drawing a line in the sand at $0.00 public financing or letting these teams move away, in its own way, reminds me of the ideas Bush and Cheney used when saying "We consider Iran evil, so we won't even talk to them." The issue shouldn't be what can the owners do on their own, it should be how do we appropriately share the costs of this investment that will prove very lucrative for both the business and the local community over the coming years and decades? Plus, just like player salaries, it's completely unrealistic - other cities have demonstrated a willingness to contribute to arena costs to lure a team away, the question once again is how much is it worth to us to keep the teams and their revenue here? I've read a variety of estimates, basically ranging from $50 million to $200 million growth annually contributed to the local economy by the Sonics and Storm. Would we lose all that money if they left? Probably not, but we'd lose a big majority of it. Even if you've never been to a basketball game and have no interest in doing so, you still benefit over time for the revenue the Sonics and Storm generate, not to mention someone you know - or maybe your kids - experience great joy from having the teams here. I've never been to an opera and probably won't be this year, but I'm glad to see the city and state investing in it, because it's good for the community and provides a number of people with great joy. To take a slightly ridiculous example, I've never used a number of roads in other parts of the state, but accept the reality that my tax dollars were well-spent on building those roads because the economy benefits from them.
I'm not an expert on the details of where money specifically comes from and how much, (i.e., food sales in the arena, etc.) But in principal, let's say an agreement is worked out where the state and local governments contribute $150 million to upgrade Key Arena or create a new arena, with the state and local officials feeling confident that the revenue generated will be at least $50 million a year, and the teams sign a 20-year lease. That's $150 million we'll spend over the next few years to have $1 billion in revenue over the coming decades. That's a sound investment, and one worthy of our support.
An argument in favor of the Sonics & Storm | 38 comments (38 topical)
An argument in favor of the Sonics & Storm | 38 comments (38 topical)
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