HoopsHype Seattle rumors

January 9, 2013 Updates

A Sacramento Kings official denied today that the team has been sold to a Seattle group. "That rumor is inaccurate," said the source, who declined to be named. An NBA representatives declined comment this morning on the rumor, which surfaced on the Internet. Sacramento Bee

August 7, 2012 Updates

Seattle Councilmember Richard Conlin made a new strong stand against the arena."I am not convinced that the proposed arena will make a significant contribution to economic development," Conlin said in a blog post published Tuesday. "It will bring some new money into Seattle and will divert some other money that people might have spent on other activities. The economists who have studied this proposal agree (as do studies of every other such project) that the net effect is very small." king5.com

August 6, 2012 Updates

A Port of Seattle commissioner says a report due Tuesday identifies traffic issues, rather than solutions, in the event of a new SODO sports arena. John Creighton said Monday night the long awaited study, commissioned by the Port of Seattle, identified bottlenecks and areas which need to be addressed in the neighborhood. Investor Chris Hansen wants to build a $490 million NBA/NHL arena just south of Safeco Field. Creighton, who has been briefed on the report, acknowledged the results may be "unsatisfying.” king5.com

July 23, 2012 Updates

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. NBA.com

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. NBA.com

June 26, 2012 Updates

Seattle City Councilman Richard Conlin said Tuesday that he believes it’s unlikely the proposed NBA arena will be approved. Conlin is the first person with a vote to publicly say he believes the $490 million arena proposal by investor Chris Hansen is unlikely to pass. In an e-mail to arena supporters, Conlin questioned why the project should receive public funds unlike other businesses that want to locate in Seattle. And he urged arena proponents to lobby Hansen to pursue the project as a completely private enterprise. Under Hansen’s plan, he would put in $300 million into the $490 million deal, with the city and King County adding the rest in money, which, he said, would be paid back through ticket fees and rent. Q13 Fox

June 19, 2012 Updates

Chris Hansen sees the groundswell of support that seems to be developing in the community for his push for a new arena that could bring the NBA back to Seattle. The leading investor in the project hopes those supporters don't become disillusioned if it ends up taking five to seven years for pro basketball to return if Hansen's current arena proposal is approved by local lawmakers. ESPN.com

Hansen declined to talk about specific franchises or details about discussions with the NBA. "With the different opportunities that are out there, our job is to stand up and make the best case for Seattle," Hansen said. "It's not to be predatory and go out there and wrestle a franchise loose from some town where the ownership group wants to keep it there. It's when the decision is made that they would like to relocate, we would like to be the option for that relocation." ESPN.com

June 14, 2012 Updates
June 13, 2012 Updates

The push to build a new arena in Seattle with the hopes of seeing the NBA return now has another name to go along with that of hedge-fund manager Chris Hansen: Microsoft CEO Steve Ballmer. Ballmer will be part of the investment group for both the arena and the acquisition of an NBA franchise, according to a letter sent Wednesday by Hansen to King County Executive Dow Constantine and Seattle Mayor Mike McGinn. A copy of the letter was obtained by The Associated Press. That Ballmer is part of the investment group is not a surprise. Ballmer is a longtime basketball fan who regularly sat courtside at SuperSonics games before their departure to Oklahoma City in 2008 and was part of a group that made a last-ditch effort to try to keep the team in Seattle. cbc.ca

Ballmer will be part of the investment group for both the arena and the acquisition of an NBA franchise, according to a letter sent Wednesday by Hansen to King County Executive Dow Constantine and Seattle Mayor Mike McGinn. A copy of the letter was obtained by The Associated Press. Oregonian

The project calls for about $290 million in private investment from Hansen’s group, along with $200 million from the city and county through 30-year bonds. Any franchise that comes to Seattle and uses the arena would be required to sign a non-relocation agreement that would span the life of those bonds. Oregonian

June 11, 2012 Updates

Gary Payton says on radio not rooting for Heat in Finals even though he won title with them in '06 & OKC left Seattle, where he starred. "The Miami Heat I played for, guys got to understand I did not make my name for this Miami Heat,’’ Payton said on 95.7 The Game in Bay Area. “I made my name for the Seattle SuperSonics. I played for the Heat one year, won a championship. That’s great. But I didn’t make all accomplishments from that team.'' So if it was a Seattle SuperSonic team I’m all for it' Sulia

May 29, 2012 Updates

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