Microsoft’s Steve Ballmer becomes part of Seattle group pushing for NBA arena

June 14th, 2012 - 6:39 pm ICT by Aishwarya Bhatt  

New York, June 14 (THAINDIAN NEWS) Microsoft’s Chief Executive Officer Steve Ballmer will apparently join the investment group that is currently pushing to build a new arena in Seattle and the acquisition of a NBA franchise.

Ballmer is a dedicated basketball fan, frequently sitting courtside at SuperSonics games prior to their departure to Oklahoma City in 2008. Together with other Seattle businessmen, he was also part of an investment group that made a last-ditch effort to attempt to keep the team in Seattle by offering a renovation of KeyArena.

He is now supporting the proposal for a $490 million arena that could probably bring the NHL to Seattle.

Ballmer will join Erik and Peter Nordstrom, whose family owned the Seattle Seahawks for years (1976-1988) and who will also invest significant amounts of money in both the arena and a franchise, like Ballmer.

The project will require approximately $290 million private investment from the group, together with $200 million from the city and county. All costs generated by construction would be paid for by the investment group.

Ballmer has acted as Microsoft CEO since January 2000. His personal fortune wealth is estimated at $15.7 billion.

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