OG_Loki
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http://seattletimes.nwsource.com/html/localnews/2017517805_hansen16m.html
NBA arena backer to reveal Seattle plan Thursday
Christopher Hansen, the wealthy San Francisco mystery man who wants to build a sports arena in Seattle to lure NBA and NHL teams, will unveil his proposal at a news conference Thursday, according to two city sources.
By Steve Miletich and Lynn Thompson
Christopher Hansen, the wealthy San Francisco mystery man who wants to build a sports arena in Seattle to lure NBA and NHL teams, will unveil his proposal at a news conference Thursday, according to two city sources.
"We're very close to announcing our offer to the city. That's why I'm here," the 44-year-old hedge-fund manager said in a Wednesday interview with The Seattle Times, though he declined to discuss the timing He met with three Seattle City Council members Wednesday to talk briefly about his desire to bring an NBA franchise to Seattle.
Hansen told The Times he is only reluctantly stepping forward now because of the intense interest and speculation around his arena proposal, the details of which are still not known. The news conference is scheduled for 2 p.m.
But Hansen, speaking in self-effacing tones, did talk about his deep Seattle roots, his modest upbringing in the Rainier Valley and his desire to help a city where he still closely follows all the professional sports teams.
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Dark_EternalFF
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Mayor McCheese will never go for it.
Though it would be nice to have an NBA team here again. Might actually make me give a damn about basketball.
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OG_Loki
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Mayor McGinn is one of the people mostly involved in helping get this done...
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Reapist
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They better address the parking situation too if they do this.
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ikkoikki
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Are they gonna move an existing team? Maybe the Hornets' days really are numbered...
Man they should move the bobcats to Seattle and the Hornets back to Charlotte.
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OG_Loki
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ikkoikki posted:
Are they gonna move an existing team? Maybe the Hornets' days really are numbered...
Man they should move the bobcats to Seattle and the Hornets back to Charlotte.
More to the interview (in which Stern is quoted as saying they won't be expanding...)
Break
Hansen, dressed in a suit and an open-collared shirt, said he wants to recapture that feeling by translating his business success and making a significant personal investment, along with other investors, in a new arena and NBA team.
"This isn't about Chris Hansen," he said. "This is about an NBA team and a new arena."
Hansen said owning an NBA team is a dream he has had since college, and that this is the right "moment in time" to pursue it, despite having two young children and a growing business he started in 2008.
Interest in the arena proposal has soared in recent weeks, following The Times' disclosure that Hansen and the city have been engaged in intense talks since June. The cost of an arena has been estimated at $400 million, and buying an NBA team would add hundreds of millions more.
Adding to the picture is a March 1 NBA deadline for Sacramento to develop a viable plan for a new arena or risk losing the Kings franchise.
The NHL also has expressed a strong interest in Seattle if an arena is built, prompting speculation about the financially troubled Phoenix Coyotes moving to Seattle.
Hansen described his interest as building an arena and attracting an NBA franchise, saying others would have to come forward with a hockey proposal. He declined to say if hockey is crucial to a profitable arena, although others have said that it would be.
Hansen, who has acquired property in the Sodo District just south of the Safeco Field parking garage, declined to discuss details of his proposal, citing continuing discussions with Seattle and King County officials. He characterized the talks as sensitive and complex, saying the proposal was a long way from becoming a reality and that it could easily be derailed.
But he said, "I think we are very close to reaching an agreement with the city and county."
He wouldn't discuss the Sacramento situation, saying he was acutely aware of what Seattle went through when Sonics owner Clay Bennett moved the team to Oklahoma City in 2008 after failing to secure a new arena in Seattle.
Already, however, Hansen has spoken with NBA Commissioner David Stern, who has said he is open to putting a team in Seattle, but that new teams won't be added to the league.
Break
Throughout Wednesday's interview, Hansen focused on his personal story and affection for Seattle; his parents and most of his extended family live in the area.
He described how he grew up poor and largely put himself through San Diego State University and the University of Southern California Marshall School of Business. He now manages more than $3 billion in public and private investments as managing partner of Valiant Capital in San Francisco.
Seattle City Council President Sally Clark said she and council members Bruce Harrell and Tim Burgess met briefly Wednesday with Hansen at City Hall. The meeting lasted about 10 minutes and was "a chance for him to kind of introduce himself," Clark said.
He gave no details about financing or specific plans for the arena, but he seemed to want to get to know council members, she said.
The meeting was in the mayor's conference room, but Mayor Mike McGinn left while council members asked Hansen why he was interested in an arena.
"His basic answer was, 'I'm a Sonics guy,' " Clark said.
Council members will be briefed on the arena proposal Thursday morning.
King County Executive Dow Constantine said Wednesday that Hansen contacted his office a few weeks ago. He assigned a few staff members to work with Hansen, Constantine said, and they have been "communicating back and forth." He declined to elaborate.
In his interview with The Times, Hansen said was pursuing his goal out of a sense of "civic obligation" and not for financial gain.
He said he wasn't interested in lobbying or political posturing. Rather, he said, the terms of the arena proposal should stand on their own merits.
"This is for the people of Seattle to decide if it fits their needs," Hansen said, adding that he did not want to be seen as a hero or savior.
Break
While details behind Hansen's effort haven't been disclosed, Hansen wrote in a June email to McGinn's aides that it was his desire to proceed "without a large public outlay."
McGinn also said potential investors are aware that city voters in 2006 overwhelmingly approved an initiative that says the city must make a profit on any investment it makes in a sport arena.
He also referred to "direct and indirect contributions" that could be made by the city.
As part of a deal, the city could be asked to allow taxes on admissions, parking and increased property values in the area around an arena to be used to pay off debt, according to sources familiar with the arena discussions.
Supporters are likely to argue that the taxes wouldn't be generated without an arena, one source said.
But there are almost certain to be sharp questions, centered on traffic, parking and future development around an arena. Both the Seattle Mariners and maritime and industrial interests in the Sodo District likely will have concerns.
Hansen said the proposed arena site is an ideal place, because it already is zoned for stadiums, would have minimal impact on the surrounding community and has convenient access to freeways. He also noted that interest rates are low, making it easier to finance an arena.
His visit to The Times represented his first public step in introducing himself to the region, helped by a high-profile public-relations firm with experience in navigating Seattle stadium deals.
According to a biography supplied by his representatives, he was born in San Francisco and moved to Seattle in 1973 with his mother after his parents separated. They lived in a rental house near Roosevelt High School.
In the interview, Hansen said had been deeply influenced by his mother, who also was a social worker for Catholic Community Services and the Children's Home Society. He said he wanted to transfer what she taught him about personal responsibility and ethics and apply it to NBA ownership.
In 1976, the family bought a home in the Rainier Valley.
Hansen attended Fairview and Stevens elementary schools, as well Blessed Sacrament School and Blanchet High School for his freshman-through-junior years.
He transferred to Roosevelt for his senior year, after his parents no longer could afford tuition for himself and four siblings. He graduated in 1986.
His first job, at age 10, was delivering the South County Journal. At 13, he began delivering The Times and two years later began working as a dishwasher and prep cook at the Leschi Lake Café.
He graduated with honors from San Diego State University 1991 and then returned to Seattle, renting an apartment in the Leschi neighborhood. He worked for three years as a financial consultant for American Express Financial Advisors, according to the biography.
In 1994, he entered USC, where he earned an MBA.
He went to work in 1996 as a research analyst with Montgomery Securities in San Francisco. He was promoted to senior analyst in 1999 and principal in 2000.
In 2001, Hansen joined the San Francisco office of New York-based Blue Ridge Capital as senior analyst and partner.
After seven years, Hansen founded Valiant Capital in 2008.
He is married to Kimberly Airey Hansen. His two children are from a previous marriage. His mother, Margaret Mazen, of Seattle, and father, Robert Hansen, of Bellevue, live in homes he purchased for them in 2008, according to the biography.
Hansen described wistful feelings when his young children celebrated the San Francisco Giants victory in the World Series in 2010.
"I've been waiting ... years," he said, referring to the Sonics' last world championship. "I'm all about trying to make it happen."
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Albdestroyer
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someone do the reading for me and tell me which franchise will be moving.
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-Dyslexia-
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Does this sound like the 'i have ancient gold coins, i need a NHL team in SoCal, and oh yea, lets hire the great one' act again to anybody else?
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Rhodoman
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Albdestroyer posted:
someone do the reading for me and tell me which franchise will be moving.
I'm more interested in knowing where, in the city, they're going to put a new arena (along with being too lazy to read it all to find out)
Rho
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tillsb
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[quote=Dark_Eternal Might actually make me give a damn about basketball.[/quote]
Why?
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TickyAtack
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Rhodoman posted:
Albdestroyer posted:
someone do the reading for me and tell me which franchise will be moving.
I'm more interested in knowing where, in the city, they're going to put a new arena (along with being too lazy to read it all to find out)
Rho
Hansen apparently acquired property in Sodo south of the safeco field parking garage. So that's where I think everyone thinks it will go.
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Rhodoman
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Danke.
Rho
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ikkoikki
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There's so many crap teams in the NBA it should be no problem finding one to move.
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Xanzo
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We don't need another team or stadium.
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OG_Loki
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Xanzo posted:
We don't need another team or stadium.
Too bad.
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Reapist
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Xanzo posted:
We don't need another team or stadium.
Yeah, actually we do.
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Varece
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Talk around here is the Kings are real vunerable.
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Where is New Seattle?
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Nestor_II
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How much are the tax payers of Seattle going to have to pay, to build a new stadium ?
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ikkoikki
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Let's move a team back to Vancouver too, they loved their Grizzlies back in the day. Canada always has great sports fans. Move the crappy Bucks or something, nobody likes that team.
It's totally unfair that Atlanta or Milwaukee gets to have a team they don't even care about or support, when towns like Vancouver or Seattle actually want a team and have a history of supporting it.
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OG_Loki
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Nestor_II posted:
How much are the tax payers of Seattle going to have to pay, to build a new stadium ?
All information indicates that there will be very little public funding. Basically the tax money (sales and property) generated through the complex will be used to pay the debt. There would not be any new taxes except for an increase in property tax in the sodo area due to the arena increasing the value of property there.
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Jezza_Belle
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OG_Loki posted:
Nestor_II posted:
How much are the tax payers of Seattle going to have to pay, to build a new stadium ?
All information indicates that there will be very little public funding. Basically the tax money (sales and property) generated through the complex will be used to pay the debt. There would not be any new taxes except for an increase in property tax in the sodo area due to the arena increasing the value of property there.
If that's true, more power to them. That's how all stadiums/arenas should be built and funded.
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JD_HOGG
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Maybe they should fund it by selling stock in the arena to the people of Seattle and let the investors profit from it.
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Albdestroyer posted:
someone do the reading for me and tell me which franchise will be moving.
I heard it was the Bulls.
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ikkoikki posted:
Let's move a team back to Vancouver too, they loved their Grizzlies back in the day. Canada always has great sports fans. Move the crappy Bucks or something, nobody likes that team.
It's totally unfair that Atlanta or Milwaukee gets to have a team they don't even care about or support, when towns like Vancouver or Seattle actually want a team and have a history of supporting it.
I laughed when they took it away from here (Vancouver) because they moved from a larger market to a smaller one. The end result was as predicted, they had strong support for a couple years and then attendance went way worse then it ever was in Vancouver ( and they were a MUCH worse team in Vancouver).
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Albdestroyer
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JD_HOGG posted:
Albdestroyer posted:
someone do the reading for me and tell me which franchise will be moving.
I heard it was the Bulls.
Good, Chicago can focus on it's true powerhouse sports franchise then. The Chicago Fire.
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Jezza_Belle
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JD_HOGG posted:
Maybe they should fund it by selling stock in the arena to the people of Seattle and let the investors profit from it.
that would be another good choice
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If he pony's up the money for it but dont go asking for a public funds to fund it.
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OG_Loki
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The proposal will be revealed on local news, so you should find a station and watch if you want to learn more. It's at 2.
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Mayor McCheese just gave it a resounding thumbs up with Constantine...
I like the proposal as it stands, no public money used...
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Bakuun posted:
Mayor McCheese just gave it a resounding thumbs up with Constantine...
I like the proposal as it stands, no public money used...
As long as it stays that way, and they don't get it almost finished and then beg for money.
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Bakuun
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They talked about that - in the proposal, Chris Hansen and the investors are on the hook for cost overruns. McGinn mentioned it was EXPLICITLY demanded.
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Jezza_Belle
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Bakuun posted:
They talked about that - in the proposal, Chris Hansen and the investors are on the hook for cost overruns. McGinn mentioned it was EXPLICITLY demanded.
Good deal then!
Bakuun I think you're with me and many other South King County residents that get sick and tired of paying for sh*t that only really benefits Seattle. Especially when they deal with entertainment, and not a vital piece of infrastructure.
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Immortal_Haze
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Jezza_Belle posted:
Bakuun posted:
They talked about that - in the proposal, Chris Hansen and the investors are on the hook for cost overruns. McGinn mentioned it was EXPLICITLY demanded.
Good deal then!
Bakuun I think you're with me and many other South King County residents that get sick and tired of paying for sh*t that only really benefits Seattle. Especially when they deal with entertainment, and not a vital piece of infrastructure.
I'm pretty sure you can extend that to any taxpayer in the state with our RTard of a governor.
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Jezza_Belle
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Immortal_Haze posted:
Jezza_Belle posted:
Bakuun posted:
They talked about that - in the proposal, Chris Hansen and the investors are on the hook for cost overruns. McGinn mentioned it was EXPLICITLY demanded.
Good deal then!
Bakuun I think you're with me and many other South King County residents that get sick and tired of paying for sh*t that only really benefits Seattle. Especially when they deal with entertainment, and not a vital piece of infrastructure.
I'm pretty sure you can extend that to any taxpayer in the state with our RTard of a governor.
Yes, there are big gaps with the East/West issues as well. I wouldn't want to fund Westside stuff if I was an Eastside Farmer for sure. We should really be two separate states in that sense.
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Bakuun
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By big gaps, you mean oceans of difference. Eastern and Western Washington might as well be separate countries...
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Immortal_Haze
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Can we give the dumb b**** in charge to the east side?
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Jezza_Belle
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Bakuun posted:
By big gaps, you mean oceans of difference. Eastern and Western Washington might as well be separate countries...
yep, I've always wondered why they weren't part of Idaho.
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Bakuun
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If we get an NHL team here... I'm going to be ABSOLUTELY BALLISTICALLY HAPPY. However, I'll be TORN when Dallas comes to town...
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Jezza_Belle
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Bakuun posted:
If we get an NHL team here... I'm going to be ABSOLUTELY BALLISTICALLY HAPPY. However, I'll be TORN when Dallas comes to town...
I'll let you take me to a game. 
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-Foxy-
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Bakuun posted:
If we get an NHL team here... I'm going to be ABSOLUTELY BALLISTICALLY HAPPY. However, I'll be TORN when Dallas comes to town...
dalllllassssss!
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Sith_Mauler
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better get a guarantee, your going to get a team first before you start building.
over a decade ago OKC built the Ford Field House(since been renamed its where the Thunder play now) to attract a nba team, they didnt get a team till 2008.
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regulator_cracka
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Seattle has sport's teams?
Must be a new high school arena.
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NSMachin
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I'd love a regional rivalry for Vancouver. They haven't got one, and, no, some poxy psuedo-rivalry with Calgary isn't one.
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OG_Loki
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regulator_cracka posted:
Seattle has sport's teams?
Must be a new high school arena.
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