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Wednesday, July 24, 2013 - Page updated at 11:37 a.m.

Proposed NBA/NHL arena in Seattle

In February 2012, Chris Hansen, a San Francisco hedge-fund manager who grew up in Seattle, announced a proposal to build a $490 million arena, to be funded in part by up to $200 million in public bonds. The deal went through city and county council review, and a revised version was approved by both councils on Oct. 16, 2012. The plan must pass an environmental review and an NBA team must be secured before the arena can break ground.
Follow the latest news in our NBA in Seattle blog.

Sonics Gary Payton, left, and Shawn Kemp were among the biggest sports stars in Seattle in the 1990s. ALAN BERNER / THE SEATTLE TIMES

Sonics Gary Payton, left, and Shawn Kemp were among the biggest sports stars in Seattle in the 1990s.

Land just south of the Safeco Field parking garage has been acquired by multimillionaire Chris Hansen to build a new sports arena. DEAN RUTZ / THE SEATTLE TIMES

Land just south of the Safeco Field parking garage has been acquired by multimillionaire Chris Hansen to build a new sports arena.

 Chris Hansen built a career as a respected financial analyst, and in 2008 he founded the hedge fund Valiant Capital Management in San Francisco. Its offices are in Steuart Tower, seen in the background. ERIKA SCHULTZ / THE SEATTLE TIMES

Chris Hansen built a career as a respected financial analyst, and in 2008 he founded the hedge fund Valiant Capital Management in San Francisco. Its offices are in Steuart Tower, seen in the background.

Trucks heading east and west on South Atlantic Street and Edgar Martinez Drive South are backed up for blocks. Truck activity at Terminal 46 and the surrounding streets near Safeco Field can be heavy at times during the day. GREG GILBERT / THE SEATTLE TIMES

Trucks heading east and west on South Atlantic Street and Edgar Martinez Drive South are backed up for blocks. Truck activity at Terminal 46 and the surrounding streets near Safeco Field can be heavy at times during the day.

From our columnists

Chats about the proposal


Interactive timeline

Explore the history of the NBA in Seattle, from the debut of the Sonics through the relocation to the current efforts to bring back a team.



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