In a 5-4 decision, the Seattle City Council voted against giving up part of Occidental Avenue South to entrepreneur Chris Hansen for his arena in hopes of bringing an NBA team back to the city.

Though a Memorandum of Understanding between Hansen, the city and King County runs through November 2017, odds of a new deal being struck by then seem remote.

In a statement put out on Hansen’s website, he said, “Today’s City Council vote was disappointing but we don’t believe it is the end of the road in our quest to bring the NBA and NHL back to Seattle.”

Mayor Ed Murray put out a statement shortly after the vote saying: “Today’s council vote makes it less likely that the NBA will return to the city of Seattle.”

He said he remains committed to exploring options for bringing the NBA and NHL to the region.