Steps lead down to the east entrance of KeyArena, a sports and entertainment venue at the Seattle Center, Monday, Dec. 4, 2017, in Seattle. (AP Photo/Elaine Thompson)

Seattle works to attract NHL team by 2020

Seattle is moving ahead with arena remodel to attract NBA, NHL

Seattle is moving forward with efforts to renovate the aging city-owned KeyArena into a premier venue that could be ready for an NBA or NHL team within three years.

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 nearly double the square footage of KeyArena. The facility housed the NBA’s SuperSonics until they relocated to Oklahoma City and became the Thunder.

Oak View Group has been focused on acquiring an NHL franchise and turning KeyArena into a world-class hockey and concert facility with the potential of hosting an NBA team in the future. It has said it could have the building ready by October 2020 if environmental approvals are obtained and demolition can start in October 2018.

“I believe this is the best thing for the city of Seattle whoever you cheer for,” said Councilmember Debora Juarez, who co-chaired the council’s committee on civic arenas. She said she was proud of the agreement that was hammered out “at little or no costs to the taxpayers” and embodied the city’s values.

Following the 7-1 council vote, Mayor Jenny Durkan said in a statement that she looks forward to reviewing and signing the MOU later this week. “I’ve said consistently that I’m committed to bring back our Sonics, recruit an NHL team, and invest in our City,” Durkan said.

The NHL has not hidden its interest in Seattle, the No. 14 media market in the country and the only market in the top 25 that does not have an NBA or NHL team.

“We feel extremely good about the partnership between the City of Seattle and OVG and respect and applaud the City in its ability to be thoughtful, collaborative, and deal focused throughout this process while maintaining the best interest of its citizens,” Oak View Group CEO Tim Leiweke said in a statement.

OVG has lined up billionaire David Bonderman and filmmaker Jerry Bruckheimer as the lead owners for a potential NHL franchise.

KeyArena opened its doors in 1962 and was last renovated in 1995. It is currently home to the WNBA’s Seattle Storm and hosts dozens of concerts and other events. It had about 570,000 visitors last year.

Councilmembers praised the agreement for including benefits for the city including $20 million in cash and in-kind contributions to non-profit organizations and another $40 million to help improve transportation in the area around Seattle Center.

The memorandum of understanding is the first step in a process that will include an environmental review. The city still needs to finalize several key documents with the developer, including the lease and other agreements.

Under the MOU, Oak View Group would be responsible for regular facility upgrades for the life of the 39-year lease agreement. Should those upgrade requirements be met, there are two eight-year lease extensions that will be activated, and carry the entire life of the lease agreement to 55 years.

The council’s action comes one day after an agreement for another arena in Seattle’s stadium district expired. The city and investor Chris Hansen agreed to an arena plan in 2012 that was contingent on Hansen acquiring an NBA team and included some public investment in a project to be constructed near Safeco Field.

Hansen has since offered a completely privately financed project, but has continued to run into road blocks in getting final approvals to make his arena “shovel-ready” should an NBA team become available.

Hansen and others said in a statement that they remain steadfast in bringing an NBA team back to Seattle. “Having two viable arena options puts Seattle in the best position to attract and NBA team,” Hansen and other partners said in a statement.

___

The Associated Press

Like us on Facebook and follow us on Twitter.

 

The iconic sloped roof of KeyArena, center, a sports and entertainment venue at the Seattle Center, is seen from above Monday, Dec. 4, 2017, in Seattle. (AP Photo/Elaine Thompson)

Just Posted

Man pleads not guilty in 1987 slayings of Victoria couple

William Talbott of SeaTac was arraigned Tuesday in Snohomish County Superior Court

BC Supreme Court rules in favour of Victoria’s plastic bag ban

Court dismisses a challenge by the Canadian Plastic Bag Association

Officials worry of fire risk at homeless camp

Regina Park camp has grown to 77 tents

Crews search for missing kayaker near Sooke

The person was seen launching their kayak from Beecher Bay on Monday at noon

Forced to flee: public partakes in refugee simulation

Locals go through detailed scenarios in honour of World Refugee Day

Homeless people living on ‘Surrey Strip’ move into modular housing

BC Housing says 160 homeless people are being moved into temporary Whalley suites from June 19 to 21

Port of Prince Rupert names Shaun Stevenson as new CEO

Stevenson has worked for the port for 21 years as vice president of trade development

WEB POLL: Should illegal immigrants be separated from their children?

Should illegal immigrants be separated from their children?… Continue reading

Senate officially passes Canada’s marijuana legalization bill

Bill C-45 now moves to royal assent, which is the final step in the legislative process

Fake attempted abduction not funny to B.C. neighbourhood residents

Two teenage boys won’t face criminal charges after scaring girl

Mosquitoes out in full force already? Blame the weather

But a B.C. mosquito expert says the heat wave will help keep the pests at bay

New GOP plan: Hold kids longer at border – but with parents

Move would ease rules that limit how much time minors can be held with their parents

Without a big data strategy, Canadians at risk of being ‘data cows’

Presentation said artificial intelligence could give Facebook and Amazon even more power

Five B.C. families stuck in Japan as Canada refuses visas for adopted babies

Lawyer points to change in American policy around adoptions from Japan

Most Read