City of Seattle & NBA Group Reach Deal for New Arena

[EducatedBrothaFromTheBank]

Finance deal reported for new Seattle arena - seattlepi.com

SEATTLE (AP) — King County Executive Dow Constantine and Seattle Mayor Mike McGinn have called a Wednesday news conference to announce a financing agreement with Chris Hansen who hopes to build a new arena to bring NBA and NHL teams to the city.

The arena would be built near the Mariners' Safeco Field and CenturyLink Field where the Seahawks and Sounders play.

The county and city councils will be asked to review the agreement in coming weeks.

Previously, Hansen has proposed a new arena that would cost between $450 and $500 million and would include $290 million in private investment. Hansen's group would be responsible for the purchase of an NBA franchise and finding a partner interested in bringing an NHL franchise to Seattle.

 

[Clem]

Is the same spot the Mariners were against them initially using? I'm curious about what changed that made them care less.

 

[OnlyInCalifornia]

Dope, they finally got it done in time for the Supersonics to make a nice run in the playoffs with Durant and Westbrook.....

Yeah.

 

[john goodman]

so are they getting the kings or what?

 

[EducatedBrothaFromTheBank]

Is the same spot the Mariners were against them initially using? I'm curious about what changed that made them care less.

I believe they aren't using any city taxes or funds, most of it is private.

supposedly the CEO of Microsoft Steve Bahmer is apart of the group

 

[Piff Huxtable]

only 5 years too late

 

[3Rivers]

Dope, they finally got it done in time for the Supersonics to make a nice run in the playoffs with Durant and Westbrook.....

Yeah.

that's just vulgar

In all seriousness though I hope they get a team back. Should have never left in the first place

 

[TheMoor]

That's a good look, just seen that Sonicsgate recently and that was crazy how the Seattle fans got screwed outta their team

 

[50CentStan]

[Slaimon] thank you, Seattle is a great city. [/Slaimon]

 

[Seahawks]

 

[LezJepzin]

so are they getting the kings or what?

 

[CJ]

Which Chris Hansen???

 

[FreedS[ohh]lave]

Kings want no part of Seattle..nice they have an arena but theyres gonna be no team to put there

 

[EducatedBrothaFromTheBank]

Kings want no part of Seattle..nice they have an arena but theyres gonna be no team to put there

Its not up to the Kings, it's up to the broke ass Maloofs. who desperately need the $$$.

 

[OnlyInCalifornia]

that's just vulgar

In all seriousness though I hope they get a team back. Should have never left in the first place

LOL!

They really did get screwed on the deal with a team. Watch them get the Kings. I know another poster was joking but I don't see who else they would get. There is no way the league adds an expansion team, they probably should condense the league really.