Arena Announcement; NHL No Longer Required

KING5 has the story. With a memorandum of understanding agreed to between the investors in a new NBA team, the mayor of Seattle, and King County, it now goes to the City Council and the King County Council for approval. If approved, construction on a new arena in the SoDo area could conceivably begin as soon as an NBA team is stolen from another city  acquired. Previous speculation had focused on any arena proposal requiring both an NBA and an NHL team for success, but today's MOU seems to indicate that only an NBA team would be necessary, although an NHL team would certainly be nice.