October 16, 2012
NEW — 8 a.m. Oct. 16, 2012
King County and Seattle leaders granted unanimous approval Monday to proceed on a Seattle sports and entertainment arena.
King County Council members approved the final memorandum of understanding and interlocal agreement among the county, Seattle and investor Chris Hansen’s ArenaCo. The decision by the council — and the Seattle City Council’s decision to adopt the memorandum of understanding and interlocal agreement Monday — is a key step in the effort to bring professional basketball and hockey teams to the region.
The agreement allows for up to $200 million in public dollars to finance a $490 million arena near Safeco Field.
In May, County Executive Dow Constantine and Seattle Mayor Mike McGinn joined Hansen, a San Francisco hedge fund manager, and announced a pact between the county, city and ArenaCo to govern financing for a proposed arena.
September 12, 2012
NEW — 2 p.m. Sept. 12, 2012
King County leaders praised the proposed agreement between Seattle City Council members and the lead investor behind a proposal to build a sports-and-entertainment arena in Seattle.
Seattle leaders announced revisions to the proposed arena deal Tuesday. King County Council members approved the arena proposal July 30, but any changes adopted by the Seattle City Council must go to the King County Council for approval.
“This is a great sign of progress. I always felt this proposal presented a win-win opportunity to bring back our Sonics, secure an NHL team and address the existing transportation issues south of downtown,” King County Executive Dow Constantine said in a statement.
August 7, 2012
Before the King County Council made a landmark decision to authorize public dollars for a sports-and-entertainment arena, Kathy Lambert received 2,700 emails.
The councilwoman, a Redmond resident and the Issaquah representative on the council, said most messages urged the council to approve the arena proposal.
In the end, after months of discussion and hours of testimony, Lambert joined the council majority to approve a key agreement for a $490 million arena — a linchpin in the plan to bring professional basketball back to Washington.
The council agreed July 30 to contribute up to $80 million for a proposed Seattle arena near Safeco Field — if investors can secure NBA and NHL franchises. The county contribution is capped at $5 million if only professional basketball comes to the arena.
The agreement does not include additional taxes for county residents. Plans call for 30-year public bonds to finance the arena, and for arena revenue to pay off the bond debt.
Lambert later cited the proposed arena’s economic benefits — jobs for arena construction and operation, plus tax revenue for the county and a tourism attraction — for the region as reasons for the yes vote.
July 31, 2012
NEW — 10 a.m. July 31, 2012
The local representatives on the King County Council, Kathy Lambert and Reagan Dunn, came down on opposite sides Monday as the council approved a key agreement for a $490 million arena — a linchpin in the plan to bring professional basketball back to Seattle.
The council agreed to contribute up to $80 million for a proposed Seattle arena near Safeco Field — if investors can secure NBA and NHL franchises. The county contribution is capped at $5 million if only professional basketball comes to the arena.
In a 6-3 decision, after hours of testimony from the public and several amendments from council members, Lambert and others agreed to support the arena pact. Dunn, and councilmen Larry Phillips and Pete von Reichbauer, dissented.
July 12, 2012
NEW — 4:30 p.m. July 12, 2012
The outside panel tasked to advise the King County Council about a $490 million arena proposal outlined possible risks and benefits related to the project in a committee meeting Thursday.
The group of experts and the council Budget and Fiscal Management Committee met to discuss the proposal to build a sports and entertainment arena in Seattle near Safeco Field.
The outside panel is comprised of members versed in economics, public finance, public-private partnerships, labor, urban development and transportation.
During the presentation to the committee, Bill Beyers, a University of Washington geography professor, argued for the importance of a complete economic impact study.
July 10, 2012
NEW — 8 a.m. July 10, 2012
King County Councilman Pete von Reichbauer called Monday for the King County prosecutor to investigate legal costs involved in reviewing a proposed agreement to build a $490 million Seattle sports and entertainment arena.
In a letter to King County Prosecutor Dan Satterberg, von Reichbauer said the review is meant to help the councilman evaluate the proposal by understanding the number of hours attorneys in the prosecutor’s office spent reviewing the agreement and the cost of review.
In addition, von Reichbauer asked Satterberg to determine how much the county has spent so far on outside attorneys to assist in the review, and how much the office expects to spend on outside attorneys in the next 30 days.
June 22, 2012
NEW — 8 a.m. June 22, 2012
King County Councilman Pete von Reichbauer called for the Seattle arena proposal to go before voters as the $490 million project proceeds.
The announcement came Tuesday as arena investor Chris Hansen answered questions for the Budget and Fiscal Management Committee. Members asked about the proposed arena size, why the arena plan must be agreed to before a basketball or hockey team is purchased, ticket costs for county residents, and — if public financing is needed — Hansen’s willingness to put the proposal to King County voters.
“Chris Hansen’s personal passion for basketball and his commitment to bringing back the Sonics makes him the best advocate for this arena proposal,” von Reichbauer said in a statement issued after the meeting. “My job is to be the best advocate for the taxpayers of South King County and enable them to express their views on the matter by providing the opportunity to vote on the proposal to build this third arena in the Sodo area.”
June 19, 2012
With their season on the line in a loser-out playoff game in the KingCo tournament, the 2003 Liberty Patriots knew they something had to give. Read more
June 12, 2012
If all goes according to plan, Tim Lincecum, former Liberty High School and University of Washington star and current San Francisco Giant, will face the Seattle Mariners at Safeco Field for the first time in his career.
The two-time Cy Young Award winner is having struggles this year, posting a 6.00 earned run average, along with a 2-7 record in his first 13 starts.
The Giants previously visited the Mariners at Safeco during May 2009, but Lincecum pitched the previous day, missing the Mariners series by one day.
The game starts at 7:10 p.m. June 16.
May 28, 2012
NEW — 6 a.m. May 28, 2012
The proposal to build a $490 million sports and entertainment arena in Seattle comes under scrutiny by a King County Council committee Tuesday.
Budget and Fiscal Management Committee members plan to hold the initial first hearing on the legislation outline the county role on the proposed arena near Safeco Field.
The hearing is scheduled for 9:30 a.m. in the County Council Chambers at the King County Courthouse. Citizens can watch the meeting live on King County TV, seen on Comcast and Broadstripe Cable Channel 22.
In February, investor Christopher Hansen presented to Seattle and King County a proposal to construct the arena to host NBA and NHL teams.