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Seattle officials released the outline Thursday of a proposal to build a new NBA arena in the...

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Seattle officials released the outline Thursday of a proposal to build a new NBA arena in the city. The arena would be funded with $300 million in money from San Francisco hedge fund manager Chris Hansen and a group of investors, along with $200 million in bonds issued by the city of Seattle and King County. Those bonds would be paid back by rental payments from arena tenants and tax revenue generated by the facility, said Mayor Mike McGinn. As for which NBA team is in Seattle's sights, McGinn said he was not speaking with the league and was leaving that up to Hansen. Officials said the arena would not be built without an NBA tenant.

Ryan Lillis, Sacramento Bee
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