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$500 million arena planned for Seattle

Feb 16, 2012, 6:09 PM EST

Seattle Getty Images

Today in Seattle, Mayor Mike McGinn and King County Executive Dow Constantine announced plans for a new half-billion-dollar arena that could house both an NBA and NHL team.

Courtesy the Seattle Times:

The $500 million arena would be paid for mostly by a private investment group led by Seattle native Christopher Hansen, but includes city and county financing that would be repaid over the next 30 years through rent on the arena and tax revenue it generates, including property, sales and admissions taxes.

Arena construction would take around two years, though according to Times reporter Emily Heffter…

source:

If that’s the case, coordination between the NHL and NBA will be paramount. Hey, good thing the NHL owns the Phoenix Coyotes and the NBA owns the New Orleans Hornets.

According to a city press release, Hansen “and his investor group would bear the costs associated with acquiring an NBA team and seek a partner who would recruit an NHL team to the new facility.”

Next step — get Hansen, his NHL partner, Gary Bettman and David Stern in a room, a signature here, an initial there, let’s start construction.

Related: Report: AHL owner interested in bringing NHL to Seattle

  1. AlohaMrHand - Feb 16, 2012 at 8:36 PM

    Get your ACME rocket skates ready Seattleites,because I think you’re about to be invaded by Coyotes in about 8 months.

  2. phillyphever - Feb 16, 2012 at 8:39 PM

    “If that’s the case, coordination between the NHL and NBA will be paramount. Hey, good thing the NHL owns the Phoenix Coyotes and the NBA owns the New Orleans Hornets.”

    My money’s on the Kings moving to Seattle before New Orleans.

  3. Jason Brough - Feb 16, 2012 at 8:56 PM

    Maybe. Big vote there end of month.

    http://www.sacbee.com/2012/02/15/4264863/council-votes-to-enter-talks-with.html

  4. pavelfitzgerald - Feb 16, 2012 at 9:18 PM

    I’m still skeptical about this move if Seattle gets an NBA team. I know Seattle’s a large market, are great supporters of the Seahawks (one of the louder stadiums on tv) & that the Sonics leaving had nothing to do with the fans (& everything to do about an arena) but I’m still skeptical on the ability to support the NHL. Their going to be 4th on the depth chart (Seahawks, Brewers/Sonics, Hockey Team) with no chance to ever be more then that, just like Phoenix was

    • eastcoastcynic - Feb 16, 2012 at 9:51 PM

      The problem with Phoenix was that their arena is an hour’s drive to nowhere from the Phoenix metropolitan area and wasn’t drawing the critical mass from the city.

      Seattle has a population size similar to Denver which supports 4 teams. For hockey in Seattle, the key will be getting a competitive team like Phoenix that plays .500 hockey which will draw (and create) an adequate number of fans right off the bat. If Seattle gets an expansion team, which I doubt, that will lose a lot of games for its first few years, Hockey will struggle at the gate and eventually meet the same fate as Atlanta, if they can somehow buy out of the lease.

      • mogulboy - Feb 19, 2012 at 11:56 AM

        Seattle has a decent hockey community. It is no canada but there are150 adult hockey teams, 7 rinks within 30 minutes and 2 Major Junior hockey clubs. Yes they will be 4th on the professional sports depth chart but I feel there will be plenty of hockey fans that would never have gone to a mariners or sonics game in the area.

  5. stronggreg - Feb 17, 2012 at 6:13 PM

    There are a few million people in BC, Canada that would pop down to Seattle for a game. Us islanders may choose to take the Clipper to a game in Seattle over going to Vancouver all the time.

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