Seattle Land Developer Acquires Land Needed For New Sports Arena

Seattle Land Developer Acquires Land Needed For New Sports Arena

Seattle basketball fans have something to look forward to. Seattle land developer, Chris Hansen (not that one), just grabbed the last piece of land needed to begin his latest project. Hansen wants to build a new sports arena in hopes to lure NBA and NHL franchises to The Emerald City. He purchased a building south of Safeco Field for $8 million giving him a total of $49 million worth of land. Hansen is taking a big risk because he and the Seattle City Council still have some details to iron out. The arena will cost $490 million to construct and Chris has asked Seattle and King County to dish out $200 million in bonds. The Sacramento Kings and the Phoenix Coyotes could be candidates to move to the Northwest given the two franchises recent history. Seattle Supersonics fans hope they can somehow get their team back, but that's not likely given the current financial climate of the NBA.

The city of Seattle needs NBA basketball back in their lives.

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[via SB Nation]

Tags: seattle-supersonics, nba, seattle
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