Seattle Advances KeyArena Renovation Plans

Ruben Hill
December 6, 2017

"In swift, workmanlike fashion, the Seattle City Council on Monday approved a deal for a $600 million renovation of KeyArena that could soon attract an National Hockey League team and possibly an NBA franchise down the road", Geoff Baker of the Seattle Times reported.

The Seattle City Council on Monday approved a memorandum of understanding with Los Angeles-based Oak View Group to privately finance a roughly $600 million remodel that would almost double the square footage of KeyArena.

Seattle has tried numerous times to build a new arena for a potential pro sports franchise but previous efforts have been unsuccessful. The planned cost of the project is $ 660 million.

Oak View Group CEO Tim Leiweke watched the vote go down
Oak View Group CEO Tim Leiweke watched the vote go down SH

Construction is expected to begin by the end of next year, with an opening of the renovated venue in October 2020. "While we respect the City Council's decision to approve the Oak View Group MOU, we continue to believe our plan to build a 100 percent privately funded arena in SoDo represents the best chance to bring the Sonics back to Seattle".

In a separate statement, Councilmember Teresa Mosqueda said she was, "proud to support a project aligned with the progressive values and shared prosperity for which Seattle is now legendary", as she cast her first vote. The expiration of that deal cleared the way for Monday's vote.

The NHL may announce the creation of a team in Seattle in the next few months.

Other reports by Click Lancashire

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