Russell Wilson Joins SoDo Arena Group, Which Removes Public Financing from Proposal

On October 25, 2016 –the first day of the ninth NBA Season without the Sonics in Seattle–Chris Hansen announced that his investor group is removing the public financing component completely from the SoDO arena proposal, making an already outstanding deal even better and reigniting the hopes of Sonics fans everywhere!

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On November 14, Seahawks quarterback Russell Wilson announced he is joining the SoDo arena investment group and will help lead the charge to bring the NBA back to Seattle!

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The SoDo arena group is expected to re-file the Occidental Avenue Street Vacation petition in 2017 along with the amended financing plan that removes the city’s $200 million bonding obligation.

A second investment group led by Tim Leiweke has emerged to express interest in remodeling KeyArena. The details are expected to be revealed during the City of Seattle’s Request for Proposal (RFP) process in early 2017. The SoDo proposal is years ahead in terms of private financing details, environmental impact studies, existing transportation infrastructure and community engagement. However, all due diligence is expected in evaluating the options on the table, finally putting an end to this ongoing arena saga in Seattle. Mayor Ed Murray and the Seattle City Council say a final decision is coming in spring 2017. We need strong leadership from our elected officials to approve a viable arena plan in Seattle once and for all.

All of this movement comes at a time when rumors are swirling about NBA and NHL expansion or relocation to Seattle.

Stay tuned @Sonicsgate on Twitter for all the latest updates. Time to gear up for one final political push in 2017!