Seattle City Council balks at new arena plan
Monday, July 30, 2012
SEATTLE (AP) -- Eight of nine Seattle City Councilmembers have sent a letter to the investor seeking public help to build a new sports arena in the city, saying changes must be made to a proposal before they can support it.
The Council wants to alter a memorandum of understanding between Chris Hansen and the city to ensure that a portion of tax revenues generated by a new arena would help pay for local transportation improvements. Currently, the proposal calls for those taxes to be used to pay off the $200 million in city and county bonds that would be issued to help pay for the $490 million arena.
Traffic concerns in the SoDo neighborhood -- where Safeco Field, CenturyLink Field and the Port of Seattle all share limited neighborhood space -- have been at the core of arguments against Hansen's plan.
More like this
King County Council approves Seattle arena plan
