- 2,547
- Vancouver, BC
News today from Seattle:
A hedgefund guy out of Seattle went public today with plans for a multipurpose facility just south of Safeco (downtown Seattle) at a cost of $500 million on land he already owns.
The plans will move forward only if:
-An NBA team move in which is rumored to be the Sacramento Kings which this guy says he will also pay for himself.
-An NHL team move in which is rumored to be the Phoenix Coyotes (they could use a name change if they move)
-A partner for the NHL team is found. This shouldn't be a problem with close proximity to Canada where I'm sure in Vancouver alone there would be more than enough people willing to jump at that chance.
There is obviously a ton of work to be done yet before this gets the green light.
They would need approval of the plans from the City of Seattle which I'd assume wouldn't be an issue as concerts are even passing over the city now as the don't have a venue to host large concerts right now.
They'd need to actually get the Sacramento Kings and have the NBA approve the relocation.
They'd also need the stubborn NHL to approve the new owners and sign off on the relocation although this may be less of a problem because apparently the NHL has been looking at coming to Seattle for a long time if they had the venue to support it. The other front runner for the Coyotes is Quebec City but they don't have a stadium either and funding is pretty weak for it at the moment.
http://www.cbc.ca/news/canada/british-columbia/story/2012/02/16/bc-seattle-stadium.html
The story is a bit different than how the Seattle reporter talked about it on the radio this afternoon but the basics are pretty much the same. This story says an NHL team is under consideration but the reporter today said it would be needed to make this deal happen because the cost of the stadium is too much for just one team.
A hedgefund guy out of Seattle went public today with plans for a multipurpose facility just south of Safeco (downtown Seattle) at a cost of $500 million on land he already owns.
The plans will move forward only if:
-An NBA team move in which is rumored to be the Sacramento Kings which this guy says he will also pay for himself.
-An NHL team move in which is rumored to be the Phoenix Coyotes (they could use a name change if they move)
-A partner for the NHL team is found. This shouldn't be a problem with close proximity to Canada where I'm sure in Vancouver alone there would be more than enough people willing to jump at that chance.
There is obviously a ton of work to be done yet before this gets the green light.
They would need approval of the plans from the City of Seattle which I'd assume wouldn't be an issue as concerts are even passing over the city now as the don't have a venue to host large concerts right now.
They'd need to actually get the Sacramento Kings and have the NBA approve the relocation.
They'd also need the stubborn NHL to approve the new owners and sign off on the relocation although this may be less of a problem because apparently the NHL has been looking at coming to Seattle for a long time if they had the venue to support it. The other front runner for the Coyotes is Quebec City but they don't have a stadium either and funding is pretty weak for it at the moment.
http://www.cbc.ca/news/canada/british-columbia/story/2012/02/16/bc-seattle-stadium.html
The story is a bit different than how the Seattle reporter talked about it on the radio this afternoon but the basics are pretty much the same. This story says an NHL team is under consideration but the reporter today said it would be needed to make this deal happen because the cost of the stadium is too much for just one team.