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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

 

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

The City of Revelstoke has launched a community well-being survey. (Contributed)
City launches community well-being survey

Everyone residing in Revelstoke aged 12 and over is invited to complete it

BC Liberal incumbent Doug Clovechok is seeking re-election as MLA for the Columbia River-Revelstoke riding in the provincial election. (File photo)
BC VOTES: Get to know BC Liberal candidate Doug Clovechok

Clovechok talks highways, housing, childcare and the environment

NDP candidate Nicole Cherlet on the campaign trail in Revelstoke. (Liam Harrap- Revelstoke Review)
BC VOTES: Q&A with BC NDP candidate Nicole Cherlet

Cherlet talks highways, housing, childcare and the environment

A health-care worker prepares to swab a man at a walk-in COVID-19 test clinic in Montreal North, Sunday, May 10, 2020, as the COVID-19 pandemic continues in Canada and around the world. (THE CANADIAN PRESS/Graham Hughes)
Interior Health records 21 new COVID-19 cases over the weekend

Thirty-six cases remain active; two people are in the hospital, one of whom is in intensive care

Columbia River-Revelstoke Green Party candidate Samson Boyer. (Contributed)
BC VOTES: Q&A with BC Green Party candidate Samson Boyer

Boyer talks highways, housing, childcare and the environment

With local MLA Adam Olsen looking on, BC Greens leader Sonia Furstenau said a Green government would convert BC Ferries into a Crown corporation Wolf Depner/News Staff)
Green leader Sonia Furstenau promises to convert BC Ferries back into Crown corporation

Promise comes Monday afternoon with five days left in campaign

Vernon Fire Rescue Services and Vernon-North Okanagan RCMP were called to a report of an electrical fire at the emergency response centre operated by Turning Points Collaborative Society on 37th Street Sunday, Oct. 18, just before 5:30 p.m. The fire displaced shelter residents who have been set up with services at the Vernon Recreation Complex. (Roger Knox - Morning Star)
Vernon shelter residents find refuge in hotels, motels, recreation complex after fire

Electrical fire at Turning Points Collaborative Society’s emergency response centre on 37th Street

RCMP. (Phil McLachlan - Black Press Media)
Kelowna man charged after allegedly stealing senior’s car

Elderly woman’s car was stolen while she was shopping

Salmon Arm RCMP say residents have been receiving calls from fraudster claiming to be with Publishers Clearing House. (File photo)
Salmon Arm RCMP warn of Publishers Clearing House telephone scam

Police say scammer requests fee to claim sweepstakes prizes

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Osoyoos Fire Department responded to reports of a vehicle engulfed in flames Sunday (Oct. 18) evening at a Lambert Court residence. (Osoyoos Fire Department)
Osoyoos Fire Department knock down car fire near home

Blaze was ‘really close’ to becoming a structure fire

Colin James put on a great show at the Comox Valley Exhibition Grounds as part of the 2019 Vancouver Island MusicFest. But his Okanagan tour for 2020 has been postponed until 2021. (Photo by Terry Farrell)
COVID-19 cancels more Okanagan concerts

The Contenders and Colin James postponed until 2021

A passer-by walks past a COVID-19 testing clinic in Montreal, Friday, Oct. 16, 2020. THE CANADIAN PRESS/Ryan Remiorz
Canada ‘yet to see’ deaths due to recent COVID surge as cases hit 200,000

Much of the increase in case numbers can be attributed to Ontario and Quebec

Most Read