UPDATE: Press conference at 9:30 this morning--stay tuned!
Chris Daniels at KING-5 News just broke the story that investor/saint Chris Hansen and the Seattle City Council have apparently reached a deal on the new NBA/ NHL arena that could lead the way to the return/rebirth of the Seattle Supersonics:
SEATTLE – Multiple Sources confirmed Monday that a deal has been reached between the Seattle City Council and the investor group led by Chris Hansen on the financial terms that would put a new sports arena near Safeco Field.
A key, multi-million dollar concession by Hansen that could see his investor group spend more out of pocket to build the arena appears to have brought reluctant councilmembers onboard with the project. City Council members are expected to make an official announcement outlining the terms of the agreement on Tuesday.Read the rest at KING-5 News.