Seattle Mayor Mike McGinn says new sports arena not just a rumoron February 7, 2012 @ 6:19 am (Updated: 8:43 am - 2/7/12 )
"If somebody is going to come forward and spend hundreds of millions of dollars and invest it in our city, we have to take that seriously," McGinn tells KING 5.
The mayor says negotiations are underway with investor Chris Hansen, who is a hedge fund manager in San Francisco. Hansen has ties to Seattle, but McGinn says he won't get any public funding.
"I believe we have to be very careful and prudent with our city dollars," says McGinn.
The proposed arena could house both an NBA and a NHL team.
It's the first time Washington gun owners could lose their rights without a felony conviction
Pike Place Market unveils plans for a dramatic $65 million makeover
13 things to know about the Sounders, and their fans, as they kick off the season Saturday
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.