Seattle Approved Plan for a New Arena

by September 25, 2012
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The dream of bringing an NBA team back to Seattle took a step towards reality, as city council approved a new arena deal. Per King 5: “The Seattle City Council voted 6 to 2 Monday to approve a plan to build a new sports arena in the city’s SODO district. Members of the council signed off on investor Chris Hansen’s plan to build a $490 million arena near the Seahawks and Mariners stadiums. The plan calls for $200 million in public investment, but construction would not begin until the project passes environmental review and Hansen secures an NBA franchise. Hansen also has personally guaranteed to cover the city’s debt if the arena’s finances don’t work out.”