Click here to Skip to main content
LATEST HEADLINES - NBA NEWS

Vote for new Seattle arena could take place next week


Posted Jul 23 2012 11:14PM

SEATTLE (AP) -- The plans for a new arena that could bring the NBA back to Seattle has taken another step forward with the King County Council possibly taking a vote on the proposal as early as next week.

The council announced Monday it was moving the memorandum of understanding between investor Chris Hansen and the county out of committee and for a possible full council vote on July 30. Both the county council and the Seattle City Council must approve it.

Hansen has proposed a $490 million facility with $290 million in private investment, and the remaining $200 million bonded by the city and county and paid off through arena-generated taxes and revenues over the next 30 years. The amount being bonded is less on the county, and it was initially believed the county wouldn't vote until after the city took action on the proposal. The city council hasn't announced a timeline for a possible vote.

SEARCH NEWS
LATEST VIDEOS
photoInside the NBA: Atlanta Hawks Moving Forward
Kenny Smith, Ernie Johnson, Shaquille O'Neal, and Charles Barkley discuss what the Hawks need to do for the next game.
photoHawks vs. Cavaliers Game 3
LeBron James scored 37 points, grabbed 18 rebounds and dished out 13 assists to lead the Cavaliers to an overtime victory over the Hawks, 114-111.
photoClutch City - Premieres June 8th
NBA Entertainment looks back at the Houston Rockets' championship teams of '94 & '95, and the obstacles they had to overcome to become "Clutch City." Premieres June 8th at 9pm ET, exclusively on NBATV.
photoInside the NBA: Al Horford Postgame
David Aldridge interviews Al Horford after Game 3 of the Eastern Conference Finals.
photoInside the NBA: Jeff Teague Postgame
Jeff Teague provides his thoughts following Game 3 of the Eastern Conference Finals.

Copyright © NBA Media Ventures, LLC. All rights reserved. No portion of NBA.com may be duplicated, redistributed or manipulated in any form. By accessing any information beyond this page, you agree to abide by the Privacy Policy / Your California Privacy Rights and Terms of Use. | Ad Choices Ad Choices

NBA.com is part of Turner Sports Digital, part of the Turner Sports & Entertainment Digital Network.