The Seattle City Council is expected to approve a deal Monday that would help build an arena to bring NBA and NHL teams to the city.

Members of the council have indicated they’re ready to sign off on investor Chris Hansen’s plan to build a $490 million arena near the Seahawks and Mariners stadiums in the SoDo area, south of downtown. The plan calls for $200 million in public investment.

Changes in the plan still must be approved by the King County Council, and it must pass an environmental review. But, Hansen says city approval will allow him to start looking for a team that would replace the Sonics. After four decades in Seattle, the Sonics were moved to Oklahoma City in 2008 and became the Thunder.

via The Associated Press