Sonics Trial Blog
Seattle Times reporters Percy Allen, Jim Brunner and Danny O'Neil are filing updates from the courthouse throughout the day.
June 19, 2008 9:24 AM
Posted by Percy Allen
Economist Lon Hatamiya said the total aggregate economic impact of the Sonics on the Seattle-metro area was an average of $187,842,290 per year from 2003 to 2007.
Seattle attorney Jeffrey Johnson presented this chart created by Hatamiya:
2004: $193, 694,463
Average: $187,842, 290
Using an economic multiplier, Hatamiya said the Sonics support 1,200-1,300 full- and part-time jobs annually. The multiplier is a difficult concept. Johnson gave the example that if someone where to spend a dollar in a store, then that dollar is given to someone else to spend and so on and so on.
Hatamiya said the team creates millions of additional household income. Johnson entered this chart as evidence:
2003: $25, 605,592
2004: $25, 890,767
2006: $25, 330,701
Hatamiya said that if the Sonics were to leave, the benefits of the economic impact would also leave.
Johnson concluded his questioning at 9:20 a.m. and Sonics attorney Paul Taylor began his cross-examination. On Tuesday, Taylor engaged in a heated exchange with sports economist Andrew Zimbalist and seemed to discredit the city's witness.
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