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Seattle Approves New Arena Deal

Seattle's city council has officially approved a deal to build a new arena that would be home to an NBA and NHL team, according to an Associated Press report. Members of the council voted 6-2 to approve investor Chris Hansen's plan to construct a possible $490MM building just south of downtown.

Changes in the plan must still be approved by the King County Council, and it must pass an environmental review. The approval means that Hansen is now allowed to shop for an NBA team, eventually relocating it to Seattle.

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