Thanks to Jeremy Lin's meteoric rise, Kobe Bryant's broken nose, and Blake Griffin's dunks, basketball is once again on everybody's mind. Now Seattle, missing an NBA team since the 2008 departure of the Seattle SuperSonics to Oklahoma City (renamed the Thunder), has a concrete plan to bring the NBA back. Seattle Mayor Mike McGinn and King County Executive Dow Constantine have announced plans for a self-funded arena sponsored by private investor Christopher Hansen, according to King County. Mr. Hansen’s proposal outlines raising $290 million for a new arena downtown, near the Seattle Mariners' baseball stadium and the Seattle Seahawks' football stadium. Mayor McGinn and Mr. Constantine have appointed a financial panel to assess the proposal, which must also fund a study to examine the possible revival of the city's former basketball venue, Key Arena. "This is great news for Seattle. On first look, we have an exciting proposal that, if successful, would mean hundreds of millions of dollars of private investment in our city—an investment that means even more during our city's fragile economic recovery," said Mayor McGinn. Below, watch Mayor McGinn and King County Executive Dow Constantine’s speech about the new team and arena.
Posts tagged with "Arenas":
Basketball fans in Louisville gathered Downtown Sunday on 10.10.10 for a ribbon cutting ceremony at the just-finished $238 million KFC Yum! Center designed by Populous architects, formerly HOK Sports, Venue, Event. The 22,000 seat venue is the home of the University of Louisville Cardinals. Populous designed the arena to reflect Louisville's geographic situation at the Falls of the Ohio, a natural waterfall on the Ohio River around which the city was founded. An undulating roof cascades toward the river with a single fluid gesture. An adjacent street under the Second Street Clark Memorial Bridge has been converted into a pedestrian space featuring an installation by New York-based light artist Leni Schwendinger. A public ceremony will take place this evening to unveil the light display incorporated into the bridge structure. Schwendinger recently completed a light installation under a bridge at the New York Port Authority building and has been selected as part of a team to redesign Times Square. City officials have pinned redevelopment hopes on the building and have already seen development spurred by the investment. Several historic whiskey warehouses dating to the 1860s in surrounding blocks are being renovated to provide housing, retail, and entertainment space.