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Arena Proposal

About the Proposal

A private investor has a proposal to construct a new arena in Seattle’s Stadium District with the ability to host NBA and NHL teams. The Mayor and County Executive have appointed a panel of community leaders and finance experts to evaluate the proposal.


The private investor proposes to raise $290 million for the facility. In addition, 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.

A list of proposal principles has been created, carefully outlining the responsibilities of the parties involved - the City of Seattle, King County, and the investment group ArenaCo.

On June 1st, 1979 the SeattleSonics became NBA world champions. As the final buzzer sounded in game 5 of the finals, millions saw Sonics point guard Gus Williams hurl the ball skyward. Eleven year-old Chris Hansen was one of them, watching from his home in Seattle.

 

New Approach
Click to view an info-graphic outlining
A New Approach to Arena Financing



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Arena Proposal Home Page | Supporting documents | Chris Hansen | Arena Review Panel | Timeline | FAQ