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Seattle Council Approves Hockey Arena To Lure Team

The NHL’s Edmonton Oilers are discussing a possible relocation to Seattle after the City Council agreed to put up $200 million for a new sports arena.

Council members voted 6-2 Monday to approve wealthy hedge-fund manager Chris Hansen’s plan for a $490 million arena near the Seahawks and Mariners stadiums south of downtown.

The arena could also be used for basketball. Seattle hasn’t had an NBA team since 2008, when the SuperSonics moved to Oklahoma City. Seattle hasn’t had a major-league hockey team since 1924.

The Oilers said in a statement that the team is listening to proposals from a number of potential NHL markets.

In addition to personally guaranteeing the debt payments on the arena, Hansen agreed to kick in more money for transportation improvements and $7 million for the old KeyArena.

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