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

Surrey Knights hockey team owners seek $250,000 for alleged discrimination

Claims have not been proven before BC Human Rights Tribunal

Surrey RCMP seek witnesses in pedestrian crash that left woman with serious injuries

Crash happened around 9:30 p.m. on April 16 at 140th Street and 90th Avenue

VAISAKHI: Surrey celebrates Saturday

Up to half a million people expected to gather in Newton for 2018 Surrey Vaisakhi Parade

No complaints registered on early-a.m. White Rock concrete pour

23-storey highrise project taking shape at city gateway

Temporary closure for Hwy 91 off-ramp to 72nd Avenue begins tonight

Detour for northbound traffic in effect from Friday night to Wednesday

VAISAKHI: A Surrey piper’s musical harmony

Music director for Crossroads United Church in North Delta plays flute for Indian Standard Time

Chilliwack doctor reprimanded for lying to College of Physicians and Surgeons

Dr. Sean Cambridge no longer allowed to practise after failing board exams five times in six years

4-20: Pot activists continue their fight beyond legalization

Cannabis activists say there is still a lot to fight for beyond legalization

Comey memos: Trump talks of jailed journalists and ‘hookers’

A 15 page document written by former FBI Director James Comey about dealings with Trump is released to press

5 to start your day

Judge to rule on health of accused in Abbotsford stabbing, Vaisakhi kicks off in Surrey and more

UPDATED: Prince Charles to be next Commonwealth leader

Prince Charles to succeed his mother Queen Elizabeth II as head of the 53-nation alliance

U.S. team wins BC Hockey League championship for first time in 39 years

B.C. players help the Wenatchee Wild defeat Prince George in best-of-seven series

Robot caretakers could be in your future

If the idea of a sex robot made heads turn this week, what about a robot nurse at your bedside?

Woman sentenced to life in Valentine’s Day shooting plot at Halifax mall

An American woman has been sentenced to life in prison with no chance of parole for a decade

Most Read

l -->