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SEATTLE -- The quest to bring the NBA back to Seattle took a significant step Tuesday with investor Chris Hansen and his investment group offering to pay for a proposed arena with private funds. Cheap Packers Jerseys Authentic .In a letter to Seattle Mayor Ed Murray, the city council and King County Executive Dow Constantine, Hansens group is now offering to rip up a memorandum of understanding from 2012 that called for up to $200 million in public investment in the arena.We just concluded the landscape has changed, said Wally Walker, part of Hansens investment group. We cant be ignorant of where we are four years in. If we think we can do this, then we should. Our priority is to get the arena because we think the NBA and NHL will come after that.Hansens group is now offering to pay for the project privately. Additionally, the group is offering to contribute to a transportation project near the proposed arena that would help deal with freight traffic at the Port of Seattle, a sticking point in past efforts, in exchange for a waiver of the citys admissions tax and an adjustment of the citys business and occupation tax.We have concluded that a changed economic climate makes possible the private financing of the arena, the letter reads. For that reason, and to address concerns expressed by city council members, we would consider revising the street vacation petition to eliminate public financing of the arena. In such a case the MOU would be terminated and the rights and obligations of the parties under the MOU would end.The decision comes five-plus months after the city of Seattle turned down Hansens request to block off a street needed for construction of the arena, which could have led to the issuance of a master use permit, meaning construction of the arena could have started once an NBA team had been acquired.Once we got through to the other side of the street vacation vote going unexpectedly, I think we stepped back rationally to look at what we could do to be put in a position so one, it could be passed, and two, meet the needs of the constituencies, Walker said. We wont meet all needs, but this is a great deal for the community. The previous MOU was as well, but this was better. Were not over the hump yet because there are still politics involved, but were proud of taking this step. We did a fair amount of financial analysis, too, to make sure it would work and be a viable building for the community.The termination of the MOU provides Hansens group with flexibility -- should the city agree to its requests, which still include blocking off the street. Hansen already owns the land for the arena and could proceed with construction even without a team. It also opens up the NHL as an immediate possibility as the MOU was tied to the acquisition of an NBA team as a condition of construction.Walker said the NBA was made aware of the decision to privately finance the project and of Tuesdays announcement.We just wanted them to know what we were doing and they needed to be informed. And the NHL will be monitoring closely too, Im sure, he said.Should the arena plans progress, it can also be viewed as a win for politicians for pushing Hansens group to make the project privately funded.Chris Hansen today demonstrated his continued commitment to building an arena and to take advantage of an improving economy, Constantine said in a statement. His efforts will strengthen our ability to compete for an NBA team.As of now, Hansens group -- which includes members of the Nordstrom family and Walker, a former Seattle SuperSonics president and minority owner -- has not taken on additional investors. The original proposal in 2012 said the total project would cost $490 million. Walker said the cost of the arena has likely gone up slightly from the initial projections. Wholesale Packers Jerseys . The Dutchmans tenure got off to a poor start when referee Guido Winkmann awarded a penalty within two minutes for Niklas Starks clumsy challenge on Alexandru Maxim. Cheap Packers Jerseys . No. 13-seeded John Isner and No. 21 Philipp Kohlschreiber were among six players who dropped out of the tournament on Tuesday, joining No. 12 seed Tommy Haas and two other players who withdrew on Monday. http:///...aaron-rodgers-jersey . Mitch Holmberg added a goal and three assists. Connor Chartier also scored for the Chiefs (3-0-0). Luke Harrison spoiled Garrett Hughsons shutout bid with a power-play goal at 13:17 of the third period. The Spokane goaltender finished with 28 saves, including a Brandon Fushimi penalty shot in the second period that would have tied the game 1-1. Track superstar Allyson Felix can add another distinction to her already legendary resume after this weekend (in addition to the NINE shiny Olympic medals she has at home). On Saturday, the USC alumna led the schools football team out of the tunnel at the Coliseum ahead of the match-up with Arizona State.According to Felix, she was the first woman EVER to do so, and she was clearly pretty toucched by such an honor. Cheap Packers Jerseys China. And, because all she does is win, win, win (no matter what), the Trojans easily beat the Sun Devils, 41-20.See something entertaining on social media that you think deserves to be shared? Let me know on Twitter, @darcymaine_espn. Cheap NFL JerseysCheap NFL Jerseys China Cheap Jerseys From ChinaCheap NFL Jerseys Authentic Wholesale Jerseys China Cheap NFL Jerseys China NFL Cheap Jerseys' ' '
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