Mayor Mike McGinn and King County Executive Dow Constantine speak at a press conference announcing plans for a new arena in Seattle.

In February, Seattle took a significant step toward its eventual goal of being home to three major league sports teams.

On Feb. 16, the city and King County announced a proposal from a group headed by San Francisco-based hedge fund manager Christopher Hansen for Seattle to invest in a new arena that will cost between $450 and $500 million with $290 milli...

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