The Norman Transcript

National Sports

October 16, 2012

Seattle arena deal gets go-ahead

SEATTLE — The King County Council and the Seattle City Council gave their final approval Monday to an agreement to build a $490 million basketball and hockey arena in the city, despite the threat of a lawsuit from longshore workers.

The County Council approved it unanimously, while the City Council voted 7-2. Both bodies had previously OK’d different versions of the deal.

“This is a very good financial plan here,” said County Councilman Reagan Dunn, a Republican who earlier had concerns about the deal. “It’s been well thought-through.”

Mayor Mike McGinn called the votes important steps toward bringing professional men’s basketball back to Seattle. He and King County Executive Dow Constantine were scheduled to sign the deal Tuesday.

Hedge fund manager Chris Hansen is leading a group that wants to build the $490 million arena near the existing Mariners and Seahawks stadiums with $200 million in public financing. The public investment would be paid back with rent money and admissions taxes from the arena, and if that money falls short, Hansen would be responsible for making up the rest. Other investors include Microsoft Chief Executive Steve Ballmer and two members of the Nordstrom department store clan.

Seattle’s old NBA team, the SuperSonics, moved to Oklahoma City in 2008 and became the Thunder, devastating its fans here. It’s been quite a bit longer since Seattle had major-league hockey: The Metropolitans, who won the Stanley Cup in 1917, disbanded in 1924.

Hansen, of San Francisco, is a Seattle native, an early investor in Facebook and a big Sonics fan who approached McGinn last year about building a new arena to attract an NBA team and hopefully an NHL team as well. KeyArena, where the Sonics played, is considered outdated and financially unviable.

Under the deal, the arena proposal will undergo an environmental review that could take a year. The review will also look at whether other sites, including Seattle Center, where KeyArena is, should be considered.

Text Only | Photo Reprints
National Sports
  • Tiger in the hunt after day one at Bridgestone

    AKRON, Ohio — Tiger Woods showed signs of a positive recovery Thursday at the Bridgestone Invitational. Not just from back surgery, but from making bogeys....

    August 1, 2014

  • Cardinals Red Sox Trade Cardinals land Lackey, shore up rotation

    BOSTON — The Boston Red Sox traded right-hander John Lackey to the St. Louis Cardinals for right-hander Joe Kelly and outfielder Allen Craig before Thursday’s deadline....

    August 1, 2014 1 Photo

  • Defensive indefernce in Big-D as injury suffles front seven

    OXNARD, Calif. — Rookie pass rusher DeMarcus Lawrence’s broken foot didn’t send the Dallas Cowboys scrambling because they’re already in rebuilding mode with their defensive line....

    August 1, 2014

  • Rams’ go with youth in secondary

    ST. LOUIS — The St. Louis Rams secondary doesn’t have veteran leaders, high-dollar talent or big names. Those handling spots on the last line of defense are confident they won’t be a liability....

    August 1, 2014

  • Tigers go all in on Price

    DETROIT — When David Price was finally traded, it was to an unexpected bidder. The Detroit Tigers added another Cy Young Award winner to their star-studded rotation, acquiring Price from Tampa Bay in a blockbuster deal Thursday....

    August 1, 2014

  • Oakland lands Lester, Gomes in exchange for Cespedes

    OAKLAND, Calif. — The Oakland Athletics won the Jon Lester sweepstakes, acquiring the left-hander and outfielder Jonny Gomes from the Boston Red Sox for slugging outfielder Yoenis Cespedes before Thursday’s trade deadline....

    August 1, 2014

  • Indians trade Justin Masterson to Cardinals

    CLEVELAND — The Indians had little choice but to give up Justin Masterson. The trade doesn’t mean they’re going to surrender the season....

    July 31, 2014

  • Cowboys sign tackle Smith to 8-year extension

    OXNARD, Calif. — Tyron Smith has a new contract that will probably make him the most important blocker for the next Dallas quarterback after Tony Romo....

    July 31, 2014

  • Quarterback questions abound with big stars gone from SEC offenses

    MONTGOMERY, Ala. — Quarterback battles and signal-caller questions abound in the Southeastern Conference going into preseason camps around the league. Big names, not so much....

    July 31, 2014

  • Jones says Brent out of rehab, NFL question next

    OXNARD, Calif. — Dallas Cowboys owner Jerry Jones says former defensive tackle Josh Brent is out of rehabilitation and could have his future with the NFL resolved before the team leaves training camp in California in two weeks....

    July 31, 2014