Formal proposal made for new Seattle arena
Christopher Hansen is making a $290 million proposal to his hometown that could be the impetus for a new sports arena that could bring the NBA and NHL to Seattle. All he needs is city and county approval and the two franchises to make it a reality. Hansen submitted a proposal to the city on Thursday that calls for $290 million in private investment, plus the cost of acquiring an NBA franchise, to help construct a facility that would cost between $450 million and $500 million. City officials are adamant that there will be no new public taxes needed for the building.