Original sentence: On July 19, 2006 supporters of the teams formed Save Our Sonics and Storm to show support and urge the regions leaders and the NBA to keep the teams in Seattle.On November 7, 2006 Seattle voters approved Initiative-91 that required Treasury Bill rate of return for city investment in professional sports facilities.The Sonics have a lease at Key Arena that runs through 2010.This grassroots effort rallied thousands of supporters throughout the region.This speculation died away as details about the leagues future in Oklahoma City and Bennetts legal commitment became known.and proposed $300 million in public investment.the KeyArena, the Sonics and Seattle Storm were sold to an Oklahoma City group led by billionaire Clay Bennett on July 18, 2006 for US$350 million
Edited sentence: Many observers still believe the new owners intend to move the team to Oklahoma.On November 7, 2006 Seattle voters overwhelmingly approved Initiative-91 to prevent city tax subsidies of professional sports.Supporters of the teams formed Save Our Sonics and Storm to show support and urge the regions leaders and the NBA to keep the teams in Seattle.The Sonics have a lease at Key Arena that runs through 2010 and will most likely be negotiated out of after the end of next season.The lopsided vote was attributed to widespread opposition to using public funds to subsidize billionaire team owners and millionaire player salaries.The new owners have not committed to a contribution of their own and will not take any responsibility for cost overruns.This surprised many people who thought Oklahoma City was going to be the main choice for relocation.and is asking for $400 million in tax subsidies from the state and city.the KeyArena, the Sonics and Seattle Storm were sold to an Oklahoma City group led by conservative billionaire Clay Bennett on July 18, 2006 for US$350 million