Linda Thomas
twitter: @TheNewsChick
Linda is the morning news anchor and features reporter for KIRO Radio. This is her local news blog, with an emphasis on social media, technology, Northwest companies, education, parenting, and anything else that grabs her attention.If you have a news tip or story idea, I'd love to hear from you...
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Bonneville Seattle is raising funds for the construction of a second Fisher House at Joint Base Lewis-McChord in Tacoma and we need your help.Investor Chris Hansen buys more SoDo land
August 28, 2012 @ 3:38 pm (Updated: 3:21 am - 8/29/12 )
A group led by investor Chris Hansen today paid $8 million for the Showbox SoDo property on First Avenue South, according to the Puget Sound Business Journal.
Records show Hansen, who's buying land for a new sports arena, paid more than six times what the sellers paid for it 11 years ago.
The Showbox entertainment venue will continue to operate, leasing property from Hansen while details of the arena plan are worked out.
Hansen proposes building a $490 million professional basketball and hockey arena. With today's purchase, Hansen now has more than $48.9 million for property in the area.
Hansen's property is on both sides of Occidental Avenue South between South Holgate and South Massachusetts streets. He's also purchased three parcels of land north of Massachusetts on the west side of Occidental, across the street from the Safeco Field parking garage.
Hansen has committed $300 million in private funds to the arena project. In the proposal before King County and Seattle City councils, he has asked for an additional $200 million in public funds.
The Metropolitan King County Council last month voted to move ahead with the arena. The Seattle City Council will vote in September.
MyNorthwest.com photo of Chris Hansen at a Pioneer Square rally earlier this summer in support of the proposed NBA and NHL arena south of Seattle's Safeco Field and CenturyLink sports stadiums.
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.
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Zagnut wrote...Cool, an arena-related article.August 28, 2012 3:01 pm{ "Thumbs Up":"1","Thumbs Down":"-1" }- Reply
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BikeNazi wrote...You might get an arenaAugust 28, 2012 3:26 pm{ "Thumbs Up":"1","Thumbs Down":"-1" }
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Zagnut wrote...BN, I do agree with one of your points. People in Seattle are stupid - at the voting booth.August 28, 2012 4:04 pm{ "Thumbs Up":"1","Thumbs Down":"-1" }
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Forrest wrote...You get the pinhead award ZagnutAugust 28, 2012 8:42 pm{ "Thumbs Up":"1","Thumbs Down":"-1" }
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Zagnut wrote...Forrest, there are very, very few who spew hate more than you. In fact, it could be argued that nobody spews more hate than you per comment.August 28, 2012 9:26 pm{ "Thumbs Up":"1","Thumbs Down":"-1" }
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messiah101 wrote...ZagnutAugust 30, 2012 9:15 am{ "Thumbs Up":"1","Thumbs Down":"-1" }
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SeattleNerd wrote..."goodness of his heart"August 29, 2012 11:40 am{ "Thumbs Up":"1","Thumbs Down":"-1" }
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CH wrote...Records show Hansen, who's buying land for a new sports arena, paid more than six times what the sellers paid for it 11 years ago [its worth less today] - and he wants to flip it to the Seattle / King County . . . .August 28, 2012 3:32 pm{ "Thumbs Up":"1","Thumbs Down":"-1" }- Reply
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Rick W7PSK wrote...The only reason CH that he paid 6 times for itAugust 29, 2012 7:56 am{ "Thumbs Up":"1","Thumbs Down":"-1" }
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Zagnut wrote...Pretty weak start to the commentary BN & CH.August 28, 2012 4:02 pm{ "Thumbs Up":"1","Thumbs Down":"-1" }
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Cash wrote...I can't wait to get this done!August 28, 2012 4:23 pm{ "Thumbs Up":"1","Thumbs Down":"-1" }
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Citizen of Krazy Town wrote...We didn't like Pioneer Square anyway.August 28, 2012 5:54 pm{ "Thumbs Up":"1","Thumbs Down":"-1" }
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nothankyou wrote...I have to disagree...August 29, 2012 6:51 am{ "Thumbs Up":"1","Thumbs Down":"-1" }
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CH wrote...There is no tax money being wasted here boys...August 28, 2012 6:51 pm{ "Thumbs Up":"1","Thumbs Down":"-1" }
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Newton wrote...Paid six times in a down market its called a payoff.August 28, 2012 7:39 pm{ "Thumbs Up":"1","Thumbs Down":"-1" }
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Cash wrote...If you don't go you don't payAugust 28, 2012 8:22 pm{ "Thumbs Up":"1","Thumbs Down":"-1" }
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Zagnut wrote...Cash, they don't understand any of it. They are ignorant.August 28, 2012 9:24 pm{ "Thumbs Up":"1","Thumbs Down":"-1" }
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AKAF wrote...@Cash...some people just get...August 28, 2012 11:01 pm{ "Thumbs Up":"1","Thumbs Down":"-1" }
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Daddy Dennis wrote...So.....August 28, 2012 11:35 pm{ "Thumbs Up":"1","Thumbs Down":"-1" }- Reply
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nothankyou wrote...Showbox Sodo.....August 29, 2012 6:46 am{ "Thumbs Up":"1","Thumbs Down":"-1" }
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Daddy Dennis wrote...ThanksAugust 29, 2012 12:42 pm{ "Thumbs Up":"1","Thumbs Down":"-1" }
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Oly80 wrote...are you talking about the showbox?August 29, 2012 6:48 am{ "Thumbs Up":"1","Thumbs Down":"-1" }- Reply
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