Chris Hansen has purchased more land in Seattle's SoDo neighborhood as his investor group continues to push for an arena.
Hansen purchased two parcels for $25 million despite an appraised value of just $8.8 million.
The purchase comes five months after the Seattle City Council rejected Hansen's request for a street vacation of Occidental, between Holgate and Massachusetts. The vacation was considered the last major legislative hurdle after more than four years of discussion, that would allow Hansen's proposal to move forward.
Hansen's group now owns 12.65 acres in SoDo -- 16 properties comprising more than 551,000 square feet.
The NBA could address possible expansion plans after they finalize a new collective bargaining agreement.