Posted: Dec 13, 2010 2:33 PM
Updated: Dec 13, 2010 2:33 PM
Source: Associated Press
NEW ORLEANS - Gov. Bobby Jindal and New Orleans Mayor Mitch Landrieu say they're confident after meeting with regional business leaders that they can keep the Hornets in New Orleans.
The governor is also calling on residents and businesses to buy more tickets in the meantime so that attendance will be high enough to void an early exit clause in the Hornets' arena lease, which runs through 2014.
Local attorney Morris Bart says he's ready to buy 10 percent of the team. He also says outgoing minority owner Gary Chouest told him he would be willing to buy back in for more than 50 percent.
The NBA announced last week it is buying the Hornets from majority owner George Shinn with the hope of selling to new owners who'd keep the team in New Orleans.