Investor offers to build Seattle arena without public financing

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From King 5 News in Seattle:

Chris Hansen and his investment team on Tuesday offered to forgo public financing to build a new sports arena in Seattle’s SoDo neighborhood.

The group also said it would cover the current funding gap to build an overpass over Lander Street, a project long desired by freight and industrial interests concerned about congestion in around the Port of Seattle.

The proposal amounts to a stunning and swift turn in the nearly five-year debate over building a new arena and, ultimately, bringing a professional basketball and hockey team to the city.

Be sure to click on the story for all the details. These stories are rarely simple, and there’s still no guarantee that Hansen and his group will get permission to build their new arena.

But suffice to say, if a new arena does get built, Seattle will have a much better chance of landing an NHL franchise. Hansen has said he’s only interested in owning an NBA franchise, but back in 2014, billionaire Victor Coleman was reportedly working with Hansen to land an NHL tenant. It’s not clear if Coleman is still working with Hansen.

NHL commissioner Gary Bettman has said that Seattle is not a consideration for relocation or expansion until there’s a suitable arena.

Related: 

— Bettman rejects notion that the NHL is waiting for Seattle

— Pacific Northwest will ‘get serious consideration’ for expansion or relocation