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What is the Sonics & Storms strategy regarding the arena issue now?

April 26, 2017Arena ISSUE sonics storms strategy

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What is the Sonics & Storms strategy regarding the arena issue now?

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We have retained advisors to help us explore options, including a new facility within the region and potential sale of the franchises, particularly given the numerous inquiries that we have received. The sale of the franchises has never been our preferred option, but given that time is running short on our current lease, we must contemplate all scenarios. Our vision, however, remains the same to run economically sustainable franchises that can compete for championships. The goal is a model that would allow the Sonics and Storm to be competitive with other NBA and WNBA teams and their arenas. The current square footage of KeyArena is 368,000 and new NBA buildings average 700,000-750,000 square feet.