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)

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)

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

Residents should run their taps until cold before using their water. (Black Press file photo)
Westside water quality advisory back on tap

Leak repair at Westshore Estates affecting some properties, again

Melissa Jacobs, owner of Inspire Kindness Productions, right, is looking for nominations to help a family over Christmas with an Inspire Kindness bag filled with gift cards and small items. (File photo)
Vernon video production has Christmas spirit

Inspire Kindness Productions looking to help a family or resident with bag full of gift cards, items

Students at Lavington Elementary crammed a car full of non-perishables for those in the community facing food insecurity. Spearheaded by teacher January Peebles (left), the donations were picked up by Give LUCK founder Myrika Godard, who works to connect donors with donees in the North Okanagan. (Give LUCK photo)
Vernon North Okanagan RCMP are looking for the next of kin after a member of the public reported finding cremated human remains off the BX Falls trail on Oct. 15, 2020. (RCMP)
Cremated human remains found off Vernon hiking trail

RCMP seek to find next of kin, release photo to public to help ID

Vernon’s Terry Konopada changed his life after a mild heart attack and re-entered the employment world courtesy of help and support from WorkBC. (Photo submitted)
Terry of All Trades: Vernon man finds the right fit

After some health issues, Terry Konopada turned his life around with help and support from WorkBC

A tongue-in-cheek message about wearing a face mask to curb the spread of COVID-19 on a sign outside a church near Royal Columbia Hospital, in New Westminster, B.C., on Sunday, Nov. 29, 2020. THE CANADIAN PRESS/Darryl Dyck
B.C.’s COVID-19 infection count climbs back up to 656

20 more people in hospital, active cases still rising

B.C. Premier John Horgan on a conference call with religious leaders from his B.C. legislature office, Nov. 18, 2020, informing them in-person church services are off until further notice. (B.C. government)
B.C. tourism relief coming soon, Premier John Horgan says

Industry leaders to report on their urgent needs next week

An RCMP cruiser looks on as a military search and rescue helicopter winds down near Bridesville, B.C. Tuesday, Dec. 1. Photo courtesy of RCMP Cpl. Jesse O’Donaghey
B.C. Mountie, suspect airlifted by Canadian Armed Forces from ravine after foot chase

Military aircraft were dispatched from Comox, B.C., say RCMP

Gabrielle Poon said Fiction, formerly Amka, is the perfect fit for their family. “She loves playing with her big brothers, Cricket (a Shiba Inu) and Facts (Siberian husky).” She has attended rally, obedience, and agility classes and has done remarkably well for such a young pup, according to Poon. “She is eager to please and gets excited whenever she sees the training equipment pulled out. She loves hiking and had her first overnight hiking trip in October. She is such sweet little dog and has so much love to give. We’re delighted to have Fiction as a member of our family!” Poon said. (SPCA photo)
Before and after: SPCA shares update on rescued husky puppies

Seventeen husky puppies were adopted after being found neglected on a property in the B.C. Interior last December

A logo for Netflix on a remote control is seen in Portland, Ore.,Aug. 13, 2020. Experts in taxation and media say a plan announced Monday by the government will ultimately add to the cost of digital services and goods sold by foreign companies. THE CANADIAN PRESS/AP-Jenny Kane
‘Netflix tax’ for digital media likely to raise prices for consumers, experts say

The government says Canadian companies already collect those taxes when they make digital sales

The Kelowna RCMP has recovered a replica of Leonardo Da Vinci’s Mona Lisa after it was stolen from a local business. (Contributed)
Kelowna RCMP recover ‘Mona Lisa’

A local business had a replica Mona Lisa stolen from their business last month

BIG SALMON ranch in Washington State. (Center for Whale Research handout)
Non-profit buys Chinook ranch in hopes of increasing feed for southern resident killer whales

The ranch, which borders both sides of Washington State’s Elwha River, is a hotspot for chinook salmon

Most Read