Seattle is not getting an NBA franchise this year. And because of that, Chris Hansen cannot legally begin building his SoDo arena and it doesn't make much sense to continue down the review process as it has been.
And so, via PSBJ, Hansen has postponed the city design review board scheduled for June 4 Also, the ongoing environmental review of the arena and the proposed deal to lease KeyArena to Hansen are both on the backburner as well.
None of this means Hansen is giving up. He released a statement earlier in the week saying he remains dedicated to bringing the Sonics back to Seattle. It just might take a little longer than everyone was hoping for.
As for what Hansen does with all that land he owns in SoDo now, well, looks like those plans are going on hold as well.
· Chris Hansen postpones design meeting on Sodo arena [PSBJ]
· Seattle, Chris Hansen Come To Agreement On KeyArena Investments [Curbed Seattle]
· Where We Go From Here [Sonics Arena]
· SoDo NoGo for now: What happens to Hansen's land? [King5]