Seattle expected to announce new sports arena plan

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SEATTLE (AP) -- The City of Seattle has announced an afternoon news conference where Mayor Mike McGinn and King County Executive Dow Constantine are expected to announce a proposal for a new arena that could bring the NBA back to Seattle, and potentially hockey as well.

The 2 p.m. Thursday news conference will take place at Seattle City Hall. Not expected to speak is Christopher Hansen, the San Francisco businessman and Seattle native who has purchased land in the SoDo neighborhood of Seattle with the hopes of brokering an arena deal.

No financial plans have yet been released on how a new facility, expected to be upward of $400 million, would be paid for. But the news comes at a time when both the NBA and NHL have franchises potentially looking for new homes.