Host: Are we closer today than we were 3 months ago, 6 months ago, or a year ago, not to seeing an NBA or an NHL team here, but are we closer today to seeing an arena built within the Seattle city limits?
McGinn: I think we have to say we are much closer today (to building an arena within the Seattle city limits) than we were 3 months ago, 6 months ago, or a year ago. And I say that because Chris Hansen is a serious committed investor who appears to have the financial wherewithal and the business knowledge to move forward.
Host: Do you need both the NBA & NHL to be here for that arena to work?
McGinn: That's what I've been informed from their side. That's what they are hoping to do. So I presume that's important to them.
Host: So, you are not going to do an arena if you are just going to have an NBA team here or if you're just going to have an NHL team here?
McGinn: My understanding is that they're interested in both and that's an important consideration to them.
Host: Public money -- could there ever be public money spent?
McGinn: Our view is, we have to make sure, whatever the structure of the deal is, means that we are not dipping into other accounts to pay for this; we are coming up with some new tax source to go to the public for. So we have to work to figure out how to work within those constraints.
"I don't think they are moving forward unless they have commitments from the NBA and NHL...my understanding is that given the way these things work, they probably have some kind of pathway..."
Steve Kelley of The Seattle Times wrote on Saturday that the financially strapped Sacramento Kings could become the Seattle SuperSonics as soon as this fall. Kelley joined the "Bob and Groz" on Monday to discuss why he's so optimistic about the return of professional basketball and hockey to the Puget Sound.
"I would say right now, the [Sacremento] Kings are 70-30 coming here," Kelley said. "The [Phoenix] Coyotes are probably 50-50."
"I think the Seattle stuff will be worked out quickly and if the Kings thing doesn't go through, than it could happen easily by April 1."
"I'm surprised it hasn't happened already," Kelley said. "You go down there for a Mariners game and there are very few places to eat, very few places to hang. I think they need more of that anyway."
Building a new arena seems simple enough if the group is willing to put up most of the funding privately, but any new facility constructed in Seattle must make a profit after an initiative was approved in 2006. One way to make a profit is by surrounding the property with apartments, restaurants, hotels and condominiums, similar to L.A. Live in downtown Los Angeles.
Spoke to a WA govt official last night who had been in contact with #Arena investors. Says the deal is 'extremely close' #NBA #NHL
Shoreline, WA - February 4, 2012 at 8:25 PMRating: (15) approve (3) disapprove
Build it so that it can be made into an NHL arena as well. If that happens, I will put my deposit down on season tickets.
Bellevue, WA - February 4, 2012 at 8:28 PMRating: (15) approve (6) disapprove
NBA and NHL both Please. If build a new arena, make the most of it.