Seattle City Council approves deal for arena

The Seattle City Council voted to approve a deal with investor Chris Hansen to build a $490 million sports arena, the Seattle Times reported.

The vote was 6-2, and the complex financial agreement now goes to the King County Council for ratification.

"I think that today's vote demonstrates that by listening to each other and working hard to address the concerns of all stakeholders that we can make the arena a reality and bring professional basketball and hockey back to Seattle," Hansen said in a prepared statement.