The Seattle City Council and investor Chris Hansen have agreed on financial terms to build a new arena in the city.
Forlorn Sonics fans suddenly have reason for optimism -- the new arena could host both an NBA and NHL team once it’s completed, Hansen announced the deal on his website SonicsArena.com, and the plan also calls for renovations of the Sonics’ former home, KeyArena. As the Mayor of Seattle said on Monday, “We haven’t gotten a team yet, but Sonics fans have a reason to smile today.”