seattle

It seems Howard Schultz and the rest of the owners of the Seattle Supersonics are attempting to extort Seattle into corporate welfare for a new stadium. Schultz’s apparent reason for being is the subjugation of neighborhood commons to the purpose of profit. Though City Hall dolled out sweetheart deals to the Mariners and the  Seahawks, the audacity of this plan has spurred some pushback. From Rick Anderson’s summary of the Seattle situation, Schultz and the other owners proposed: to contribute all of $18.3 million toward a new arena. The most specific arena plan (see “The Sonics’ Venue Envy,” Feb. 1) is a $271.5 million package that includes existing debt on KeyArena; with interest, the bottom line to taxpayers would be more than $400 million.

These scumbags haven’t even paid off the debt on their powderpuff loans from the last corporate welfare deal and they want more money!