Wednesday , Apr , 02 , 2008 C.Y. Ellis

Privately Funded Arena Proposed for Seattle

Former Sonic Fred Brown announced plans this morning to develop a privately funded downtown arena for professional basketball and hockey in Seattle.

At a news conference long on vision but short on specifics, Brown and a business partner, public-relations executive Dave Bean, said they’re looking for financing and a location for a $1 billion sports and exposition facility to be called the Emerald City Center.

Bean and Brown’s partnership, B2 Inc., is looking at five possible locations but singled out the Port of Seattle’s Pier 46 as the ideal spot for the facility — which Bean said would be 100 percent privately financed. [Seattle Times]