Seattle Mayor Mike McGinn
Seattle Mayor Mike McGinn says the idea of a new sports arena for the city isn't just a rumor. (AP Photo/file)

Seattle Mayor Mike McGinn says new sports arena not just a rumor

Seattle Mayor Mike McGinn says the idea of a new sports arena for the city isn't just a rumor.

"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.

KIRO Radio Staff, Staff report
Straight from the newsdesk.
Top Stories

  • Growing Strong
    Seattle marijuana farmers are busy preparing their first crop for retail sales

  • Not the End
    Officials have another trick up their sleeves to help save King County's bus service

  • Go Sherm!
    Richard Sherman recognized along with Beyonce, Jeff Bezos and the Pope
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
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.
comments powered by Disqus
Sign up for breaking news e-mail alerts from
In the community
Do you know a student who stands out in the classroom, school and community?
Help make their dreams come true by nominating them for a $1,000 scholarship and a chance to earn a $10,000 Grand Prize. Brought to you by KIRO Radio and Comprehensive Wealth Management.

Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.