Full recap of what was announced.
http://www.nwsportsbeat.com/coffee-s...e-recap-16212/
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“Project does NOT rely on NEW taxes, it would be self-funding, IN any given year shortfalls would be covered by the teams. NO Public subsidies. The Proposal is built with understanding of having both NBA and NHL teams in the facility.”
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The Proposal is to construct an arena in the SODO area that would accomadate NHL, NBA & Concert events, Existing taxes to be used toward the facility will only use revenue streams created by the building itself.
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Intresting turn of events. Sounds like the majority of the project will be self funded. No new taxes for the Seattle/King County area. The context of the statement sounds like it's ready to go.
Seattle Coyotes for the 2012-13 season?