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Man behind Seattle arena plan buys up all the land he needs

Aug 29, 2012, 4:29 PM EDT

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We are a long way from seeing an arena and NBA team in Seattle. Yet if I were a Sacramento Kings fan worried about losing my team I’d be far more worried about what is happening in Seattle than the long-shot possibility in Virginia Beach.

PBT reported yesterday that the Maloofs already turned down an offer to buy the Kings from Chris Hansen, the guy behind the Seattle project.

To that end, the Seattle project took a big step forward because Hansen has bought all the land he needs to build the stadium, reports the Seattle Post Intelligencer.

According to public records, Hansen’s real-estate group, WSA Properties LLC, closed Tuesday on the parcel of land at 1700 First Ave. S., where the Showbox Sodo currently stands. The purchase price was $8 million; the property was last appraised at a value of $3.36 million earlier this year, according to tax records.

The property is one of the last puzzle pieces in Hansen’s plan to build a new arena on that block. His group has purchased most of the land between South Massachusetts and South Holgate Streets between First Avenue South and the train tracks. With another property in escrow, according to the Puget Sound Business Journal, Hansen now controls all the property he has said he needs for the arena project.

There is still some issue about how the Seattle arena gets financed, and there are the design and environmental issues to deal with. Plus the Mariners do not like another arena that could clog traffic in their area.

But these are the kind of challenges every arena getting built faces. Seattle is just a lot farther along in the process than the Virginia Beach. And frankly, Kansas City is ahead of both of them with an already open Sprint Center ready for a team.

  1. gmsalpha - Aug 29, 2012 at 5:33 PM

    The Mariners shouldn’t be all that worried. MLB and the NBA don’t have a lot of overlap in their schedules. Besides, to me it makes more sense to have all of your stadiums in one dedicated area, like they do in Philadelphia for instance. It’s a good model, so long as the parking situation isn’t too difficult to figure out.

    • cosanostra71 - Aug 29, 2012 at 6:39 PM

      Mariners don’t have enough fans right now for it to be an issue. They should be worried about winning games again and restoring their fans’ trust, then maybe they can worry about this.

  2. superseahawk - Aug 29, 2012 at 6:01 PM

    Do it!

  3. seatownfaithful - Aug 29, 2012 at 6:46 PM

    Its not as much as the Mariners as it is the Port of Seattle thats opposing the arena, the mariners are sorta riding the coat tails of the port’s stance….

  4. buckeyeluvn - Aug 29, 2012 at 8:51 PM

    Va Beach could use Norfolk Scope. The “Hampton Roads Rhinos” (almost NHL team) was going to use it until their new arena was built.

  5. scottpavek - Aug 29, 2012 at 10:36 PM

    Wow, great spot right next to the Light Rail; may have to move back to Seattle when the Sonics return.

  6. elComandanteenJefe - Aug 30, 2012 at 1:27 PM

    GET IT DONE SEATTLE!!! Always enjoyed watching GP, Kemp (early years of course), X-Man, Chambers, Schrempf, and the Big Smooth during the late 80s and early 90s. Unfortunately, that city is missing out on what has become the Thunder. Again, GET IT DONE SEATTLE!!!

  7. suhnum1fan - Aug 30, 2012 at 3:32 PM

    Seattle Thunder is do rain alot in sea-town

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