Eric Williams covered the Sonics' last season in Seattle. A Tacoma native, Eric graduated from Mount Tahoma High and the University of Puget Sound.
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Today at 11 a.m., a local investment group is supposed to announce plans for a new privately financed arena in downtown Seattle, although public relations contacts for the group would not confirm if this arena would be capable of housing the Sonics.
From what I understand, this group is separate from the private investment group headed by Microsoft CEO Steve Ballmer that is working with the city on a $300 million proposal to revamp KeyArena with the hope of keeping the Sonics.
The city of Seattle also has no connection with this new investment group, called B2 Inc. That's all I know now, but I'll update the blog with new information after the press conference, along with audio from the meeting.
