Tuesday, July 24th, 2012 at 9:50 am  |  9 responses

Seattle May Vote on New Arena for an NBA Team Next Week

The bureaucratic process to bring an NBA team back to Seattle is slowly moving forward, with the King County Council possibly voting on the issue as early as next week. Reports the AP: “The council announced Monday it was moving the memorandum of understanding between investor Chris Hansen and the county out of committee and for a possible full council vote on July 30. Both the county council and the Seattle City Council must approve it. Hansen has proposed a $490 million facility with $290 million in private investment, and the remaining $200 million bonded by the city and county and paid off through arena-generated taxes and revenues over the next 30 years. The amount being bonded is less on the county, and it was initially believed the county wouldn’t vote until after the city took action on the proposal. The city council hasn’t announced a timeline for a possible vote.”

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  • Groves

    unfortunately New Orleans has a new arena deal which lasts a while

  • http://www.youtube.com/watch?v=woWqSmichOo RunNGun

    If you build it, they will come…

  • patrick

    Just pay for it all privately…taxation is theft…

  • http://www.google.com/news BETCATS

    Who is going to move there though?
    I really hope someone simply restarts the Sonics with an expansion draft. It’d be sort’ve hypocritical if it happened any other way.

  • http://slamonline.com Brion

    I have been following this topic on local sports radio and unfortunatly it feels like the majority of city council members are against it and will find a way to deny a new arena. Hell even the Mariner organization are against it because it would be built too close to Safeco and might interfere with another 95 loss season.

  • LA Huey

    co-sign BETCATS.

  • rnhms

    i hear the mariner moose sits behind doors on council meetings, the roller blading injury gave him an opportunity to get involved in politics. mlb conspiracy imo

  • https://www.youtube.com/watch?v=B4FqOUz-Ia4 Ugh

    @BETCATS – I agree, but the problem is that if there’s something NBA definitely doesn’t need it’s yet another team. There are already two teams in every division who couldn’t score a hundred if you locked them in the gym overnight (Barkley, 2001) and nine teams who can’t get 25 wins! Another expansion team will be made up of guys those teams don’t want to keep. F— watching the New Sonics suck like the Wizards for ten years.

  • Round Ball

    I thought the agreement with the nba had with Seattle was automatic re-entry when they had an arena that met the nba’s criteria. So that means we will have a 31 team competition when they build a new arena. No other team has to relocate or give up their franchise. Although I wish the Bobcats would disappear.