Well, try not to get too depressed when you read this article from the PI's Greg Johns and Chris McCann.
According to House Speaker Frank Chopp, the chance of the legislature approving any funds for a KeyArena remodel is a no-go. He let Rep. Jeff Morris give the bad news:
"There is absolutely no chance of us considering it this legislative session," Morris said.
Morris went on to comment that this current proposal, which would combine $150 million in private contributions with $75 million from Seattle and $75 from the state, is a good one, but that it is impossible for the state to make it happen in the remaining week before the end of the legislature session.
A special session, which would be called for by Gov. Gregoire, is a possibility, of course, but comments such as those from Morris certainly put a damper on things.