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Build an Arena for the King (County)

Greetings readers,

Looks like Seattle might soon have a new arena, just what the Seattle Supersonics wanted all those moons ago around 2008. With the possibilities of the new arena, Seattle could land another NBA franchise and possibly a NHL team as well. If the city/county approves with aiding some $200 Million to the pot, the rest would be covered by private investors. Also, the arena won’t be built until one of the leagues guarantee a team would move to Seattle or a new franchise would be granted.

In total, the arena would cost around the ballpark of $450-$500 Million. The new building will be placed in Seattle’s SoDo district, which is just south of Safeco Field (where the Mariners play.)

Seattle is one of the few markets that do not have three or more professional sports franchises in the “Big Four”.

While this announcement certainly puts pressure on the court for the New Orleans Hornets and Sacramento Kings and on the ice for the Phoenix Coyotes, it also dampers on the process going on in Quebec City, trying to lure a NHL team back.

It will be interesting to see the Arena Wars between Quebec City and Seattle. While Seattle still has to get approval for public funds, the group “J’ai Ma Place” has revealed that all seventy-four corporate suites have been filled. The group is also responsible for selling 8,000 seats in the new, proposed Quebec City arena.

As of right now, the Sacramento Kings are trying to get a new arena and have set a deadline sometime in March. It’s not clear what the effect will be to Seattle if the Kings stay put.

It will be interesting to see how this plays out. It’d be great to see the Green and Gold back in Seattle, but things have to fall in place, first.

Sources of information from ESPN and lfpress.com.

Until next time,

-Lee

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