Seattle City Council approves $490 million arena
September 25 , 2012
The Seattle City Council has approved a deal to build a $490 million multi- purpose sports and entertainment arena that could host NBA and NHL teams.
Council members voted 6-2 on Monday to allow investor Chris Hansen's plan.
Seattle has been without an NBA franchise since 2008 when the SuperSonics moved to Oklahoma City and became the Thunder.
Efforts to build a replacement for Key Arena were never fully executed.
It has been even longer since the city had a major league hockey team. The Metropolitans, who won the Stanley Cup in 1917, disbanded in 1924.
This could soon change though with NHL team Edmonton Oilers already discussing possible relocation to Seattle after plans for a proposed $475 million arena in Edmonton were threatened to be scrapped earlier this month.