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Seattle is getting their downtown arena

Sep 11, 2012, 12:45 PM EDT

Seattle Getty Images

After months of negotiations and speculation, downtown Seattle is getting their arena.

The Seattle City Council reached a tentative agreement with real estate developer Chris Hansen to build an arena downtown in the city.

The cost? $490 million.

There is a bit of public money being put to use in this deal as up to $200 million would be used to improve the roads around the new arena to help alleviate potential traffic issues. Hansen may also be required to purchase Key Arena and the land around it at a later date to save the city from owning an aging, obsolete building.

Last week, Hansen completed the purchase of more land downtown in order to secure the area he’d need to construct the new facility and the city is hailed by investors as being a great future location for an NHL franchise. Hansen’s main reason for the new arena is to bring the NBA back to town, but the NHL would also be welcomed there.

At the very least, should things not work out in Phoenix with the Coyotes, there’s a highly intriguing American location that will have a brand spanking new arena in the near future to lean on.

  1. manchestermiracle - Sep 11, 2012 at 12:53 PM

    The NHL in Seattle certainly makes more sense than in Phoenix. Just the drop in manufactured drama would be welcome.

    • lostpuppysyndrome - Sep 11, 2012 at 1:00 PM

      I would be so happy to see the “White-out” leave Phoenix. What a blight on the history of that team.

  2. elemeno89 - Sep 11, 2012 at 12:58 PM

    A team in Seattle makes sense. If this arena was built earlier the whole Phoenix situation could have been solved without compromising the current conference and division structure. But this arena makes an expansion very possible, with a team joining Quebec making it a 32 team league.

  3. nhmac - Sep 11, 2012 at 1:13 PM

    “Why don’t you take a seat”

    -Chris Hansen

  4. id4joey - Sep 11, 2012 at 1:16 PM

    So, this is why Jaimeson was given all this time to find the funding to keep the Coyotes in Arizona. He probably got the last 20 Mil from there, and will obviously move the team next year. Way to go GB.

  5. dbara43 - Sep 11, 2012 at 1:33 PM

    The new arena won’t break ground until it has at least one major tenant, which means it might not be ready until 2014-2015 at the earliest. Expansion makes the most sense, but there seems to be no shortage of NHL teams drying more flies than fans; Coyotes, NY Isles, NJ Devils, Columbus. The league would do better in Seattle than all of those towns.

  6. mclovinhockey - Sep 11, 2012 at 4:23 PM

    Every time I hear something like this I think of that video of the kid in QC calling up sports bars, gyms and other places where you expect people to know sports and just try to talk hockey only to find Seattle does not know anything about this sport.

  7. theawesomersfranchise - Sep 11, 2012 at 5:10 PM

    Good bye WHL’s Seattle Thunderbirds in…..5 years?

  8. jimw81 - Sep 12, 2012 at 12:56 AM

    Seattle is interesting situation. They can develop a battle with Canucks plus they are a top market city w/out basketball and hockey team. If they can get a Paul Allen type owner in their I think it can work and create more hrr for league.

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