A look at proposed Sonics arena by the numbers

Jan 9, 2013, 1:44 PM | Updated: 3:16 pm
The North Entry Plaza is shown in this updated design for a proposed $500M NBA/NHL arena to be buil...
The North Entry Plaza is shown in this updated design for a proposed $500M NBA/NHL arena to be built in Seattle's SoDO neighborhood (Photo: SonicsArena.com)
(Photo: SonicsArena.com)

While there’s no confirmation of a done deal yet, speculation that a Seattle investment group is close to bringing the Sacramento Kings to Seattle, may mean Seattle fans are one step closer to watching NBA basketball in a new arena.

Investor Chris Hansen reached an agreement with local governments in Seattle last October on plans to build a $490 million arena near the city’s other stadiums CenturyLink Field and Safeco Field.

Hansen’s group is expected to pitch in $290 million in private investment toward the arena, along with helping to pay for transportation improvements in the area around the stadiums.

The remaining $200 million in public financing would be paid back with rent money and admissions taxes from the arena, and if that money falls short, Hansen would be responsible for making up the rest.

In addition to the NBA, the new facility would be built to house a National Hockey League franchise.

A look at the specifics:

Location: SoDo neighborhood, adjacent to First Avenue South between South Massachusetts Street and South Holgate Street

Cost: $500M (estimated)

Lease Period: 30 years

Rent: $2M annually (estimated)

Size: 700,000 Sq. Ft. (usable space)

Capacity: 18,500 attendees (NBA), 17,500 attendees (NHL), 19,000 attendees (concert)

Ticket Prices: Supersonic ownership will offer 1,000 tickets per game for less than $20 each and 500 tickets per game for less than $10 each

First Season: 2015-2016 (anticipated)

The first detailed plans and images of the proposed arena were released in late November. See photos of the design.

Other investors in the proposed arena include Microsoft Chief Executive Steve Ballmer and two members of the Nordstrom department store family.

Press reports Wednesday said if the Sacramento Kings were sold to the Seattle investment group, the plan would be to play in Key Arena for two years while the new arena is built.

As part of the agreement, no construction will begin until all environmental reviews are completed and a team has been secured.

The Associated Press contributed to this report.

You might also be interested in:

Reports say Sacramento Kings finalizing sale to Seattle

Listen: Former Sonics announcer Kevin Calabro reacts to reports of NBA return to Seattle

Brock and Salk offer their initial thoughts on the NBA returning to Seattle

Local News

flight, 5G...
Chris Sullivan

Major US airlines warn of flight disruptions Wednesday as new 5G service starts

Many airlines are warning of flight delays Wednesday as new 5G frequencies are fired up by cell phone companies that could interfere with landing.
8 hours ago
garbage, strike...
MyNorthwest Staff

Teamster-backed sanitation worker strike continues in Western Washington

Sanitation workers employed by Republic Services in Seattle, Bellevue, Lynnwood and Kent continue to strike Tuesday morning.
8 hours ago
King County, jail...
Dalton Day

King County jail ‘crisis’ prompts joint request for release of non-violent offenders

Public defenders are demanding that King County take immediate action to relieve a short-staffed jail system overburdened with COVID cases.
1 day ago
Community councils...
Nick Bowman

State lawmakers aim to dismantle ‘NIMBY at its core’ by ending community councils

A group of state lawmakers are looking to phase out Washington's last two remaining community councils in a bid to expand housing options.
1 day ago
rape kit, rape kits, Torchlight...
Hanna Scott

Child rapist lost in backlog gets max sentence nearly 20 years after Torchlight attack

Robert Childs received the maximum sentence last week for a 2006 sexual assault against a 12-year-old girl on the night of the Torchlight Parade.
1 day ago
Tonga volcano...
MyNorthwest Staff

How Tonga volcano eruption pushed out Seattle fog from nearly 6,000 miles away

The effect of the Hunga Tonga Hunga Ha'apai volcano on the Seattle area manifested in a peculiar way over the weekend after its eruption.
1 day ago

Sponsored Articles

...

Compassion International Is Determined to ‘Fill’ a Unique Type of Football ‘Stadium’

Compassion International SPONSORED — During this fall’s football season—and as the pandemic continues to impact the entire globe—one organization has been urging caring individuals to help it “fill” a unique type of “stadium” in order to make a lasting difference in the lives of many. Compassion International’s distinctive Fill the Stadium (FtS, fillthestadium.com) initiative provides […]
...

What are the Strongest, Greenest, Best Windows?

Lake Washington Windows & Doors SPONSORED — Fiberglass windows are an excellent choice for window replacement due to their fundamental strength and durability. There is no other type of window that lasts as long as fiberglass; so why go with anything else? Fiberglass windows are 8x stronger than vinyl, lower maintenance than wood, more thermally […]
...

COVID Vaccine is a Game-Changer for Keeping our Kids Healthy

Snohomish Health District SPONSORED — Cheers to the parents and guardians who keep their kids safe and healthy. The dad who cooks a meal with something green in it, even though he’s tired and drive-thru burgers were tempting. The mom who calms down the little one who loudly and resolutely does NOT want to brush […]
...
Experience Anacortes

Coastal Christmas Celebration Week in Anacortes

With minimal travel time required and every activity under the sun, Anacortes is the perfect vacation spot for all ages.
...

Delayed-Onset PTSD: Signs and Symptoms

Lakeside-Milam Recovery Centers SPONSORED — You’re probably familiar with post-traumatic stress disorder. Often abbreviated as PTSD, this condition is diagnosed when a person experiences a set of symptoms for at least a month after a traumatic event. However, for some people, these issues take longer to develop. This results in a diagnosis of delayed-onset PTSD […]
...

Medicare open enrollment ends Dec. 7. Free unbiased help is here!

Washington State Office of the Insurance Commissioner SPONSORED — Medicare’s Open Enrollment Period, also called the Annual Election Period, is Oct. 15 to Dec. 7. During this time, people enrolled in Medicare can: Switch from Original Medicare to a Medicare Advantage plan and vice versa. Join, drop or switch a Part D prescription drug plan, […]
A look at proposed Sonics arena by the numbers