More land purchased for new Seattle arena

  • Wed Aug 29th, 2012 2:22pm
  • News

Associated Press

SEATTLE — The man hoping to bring an NBA team back to Seattle has bought another parcel of land in the area where he would build a new arena.

KING reports Chris Hansen’s company closed Tuesday on the $8 million purchase of a half-acre property where the Showbox SODO music venue now sits.

Hansen plans a $490 million arena that would also be home to an NHL team. The plan calls for $200 million in public money. The King County Council has approved the idea. The Seattle City Council is still considering the proposal.