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Seattle City Council OKs arena deal

Updated: September 24, 2012, 11:04 PM ET
Associated Press

SEATTLE -- A wealthy hedge-fund manager won approval Monday for his plan to bring professional men's basketball and hockey back to Seattle, with initially skeptical City Council members agreeing to put up $200 million for a new arena after he promised to personally guarantee the city's debt.

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

"I was a skeptic when this came forward because I was ...

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