Valiant Capital’s Chris Hansen is determined to bring NBA back to Seattle. The hedge fund manager grew up in the Seattle area and he went to grade school and high school there. He has two kids and they come back to Seattle to visit their grandparents. He doesn’t see this as a money making venture. Instead he seems to be making these moves because he is a Sonics fan.
His proposal doesn’t really put a burden on the taxpayers. He wants to give up $200 million which can be financed through the taxes and revenues generated once the facility is up and running. The city’s portion is also capped at $200 million and Christopher Hansen has to cover the rest of the expenses.
Below you can watch Christopher Hansen’s video where he explains why he is doing what he is doing.