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02-19-2013, 08:03 PM
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Originally Posted by Major4Boarding View Post
* Hansen stands to lose $80M from Seattle towards the Arena if there's no NHL team.
Originally Posted by Dado View Post
Which brings the effective price from $170M down to $90M.
The $80 Million is part of the $200M public funds for the new Seattle arena if a NHL team is secured (expansion or relocation). If there is no NHL team in Seattle, $120M of public funds will go to the arena project.

Seattle P-I website from May 16, 2012:
"Only NBA team needed for Seattle arena to move forward"

Those additional $80M public funds for the Seattle arena has everything to do with getting the NHL in Seattle. I'm not certain how those public funds would be tied to the NHL's $170M asking price to buying the Coyotes. I think those are two separate (and expensive) issues.

gmjevtwa is offline