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Local Real Estate Developer May Save Sonics

Sabey_Dave.JPGGary Washburn Frank Hughes of the Tacoma News Tribune reports that real estate developer David Sabey (at right) has offered to buy the Sonics from an increasingly disillusioned Clay Bennett.

Last month, Sabey bought a 55-acre parcel south of Boeing Field from Associated Grocers (you know the land, it's that depot with all those container trucks that's just before I-5 makes a right turn toward the airport).

He offered that land to Bennett for an ownership stake and then offered to buy the team outright.

Here's a profile of Sabey from the Daily Journal of Commerce--he's a local guy, born and raised in Burien. He built what started as a company selling wood roofing systems into a $400 million fortune.

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By Seth in on May 19, 2007 7:53 AM

Comments [rss]

  • Seth

    Whoops is right, I'm an idiot. Frank Hughes has been breaking all the Sonics news, he's the best Sonics correspondent in the city. The Trib's Mike Sando is the best Seahawks correspondent in the city. What's in the water down there?

  • john

    whoops, that's actually a Frank Hughes article.

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