A venture capitalist who wants to build a sports arena to bring professional basketball back to Seattle will pay for a study to determine the impacts on traffic and parking following objections by his potential neighbor — the Seattle Mariners.
Without disclosing its price, Chris Hansen pledged Thursday to pay for the study, which he hopes will be concluded in six to eight weeks by a private consultant.
“At the end of the day I am also a Seahawks, Sounders and Mariners fan. I think we all want a good solution for having games down in this area,” said Hansen, a San Francisco based hedge fund manager who grew up in Seattle. He was flanked by King County Executive Dow Constantine and Seattle Mayor Mike McGinn.
Hansen has proposed a new arena that would cost between $450 and $500 million and would include $290 million in private investment. Hansen’s group would also be responsible for the purchase of an NBA franchise and finding a partner interested in bringing an NHL franchise to Seattle.
He has already bought land in the city’s SoDo neighborhood, which is home to the Mariners’ Safeco Field and CenturyLink Field, where the Seattle Seahawks and Seattle Sounders play.
But earlier this week, the Mariners sent a letter to the county and city opposing the idea of a new multipurpose arena nearby, citing concerns about traffic and scheduling of events. The baseball team said other sites in the region should be considered, including Bellevue, before the spot south of downtown is developed.
The Port of Seattle also released a letter it sent to the arena advisory committee expressing its concerns over traffic in the area of the proposed venue and supporting the idea of looking at alternate sites.
Hansen said he saw traffic as a “key benefit” in the stadium district when he undertook his own site evaluation.
On Wednesday, an arena review panel created by the city and the county gave their blessings for Hansen’s arena plan but cautioned about the traffic issues.
On Thursday, McGinn said that the traffic study would look at the issues raised by the team and the port. He said that study will look at scenarios where multiple sporting events are scheduled, parking capacity, and mass transit options.
By 2016, Constantine said light rail connecting the stadium district to Seattle’s northern neighborhoods would be completed, as well as the tunnel replacing the Alaskan Way Viaduct.
The Mariners issued a statement following the announcement, saying that the team is “very supportive of this process” and looks forward to being involved.
“We have a lot of experience down here because we have lived it every day for over 12 years,” the statement said.
The public financing component of the proposal would be capped at $200 million and paid back through taxes and rent collected on the tenants of a gleaming new building.
JOIN THE DISCUSSION | Register here
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service. If you have any questions, including why your comment may not be showing immediately after you submit it, be sure to visit the commenting FAQ.