The folks in Seattle are in for some good news come Thursday according to The Seattle Times.

Christopher Hansen is the wealthy backer who wants to build the arena in hopes of attracting a NBA and NHL team.  “He will unveil his proposal at a news conference Thursday, according to two city sources.”

“We’re very close to announcing our offer to the city. That’s why I’m here,” the 44-year-old hedge-fund manager said in a Wednesday interview with The Seattle Times, though he declined to discuss the timing He met with three Seattle City Council members Wednesday to talk briefly about his desire to bring an NBA franchise to Seattle.

Hansen told The Times he is only reluctantly stepping forward now because of the intense interest and speculation around his arena proposal, the details of which are still not known.

The building of an arena doesn’t automatically guarantee a NFL or NHL team, but it is a very solid first start.