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

In this photo illustration, a provincial election mail-in ballot sealed in an Elections B.C. return envelope is seen before being deposited in a Canada Post mailbox, in Richmond, B.C., Saturday, Oct. 17, 2020. The final result of British Columbia’s provincial election won’t be known for at least two weeks because more than 700-thousand mail-in ballots have to be counted by hand. THE CANADIAN PRESS/Darryl Dyck
Mail-in ballots flowing into electoral offices

More than 4,000 received for Mid Island-Pacific Rim riding so far

Port Alberni Mayor Sharie Minions, centre, and councillor Deb Haggard speak with Graham Hughes and others at a protest in front of the Port Alberni Shelter (Our Home on Eighth). Hughes and supporters have been at the shelter since Friday, Oct. 23, 2020. (SUSAN QUINN/ Alberni Valley News)
City of Port Alberni calls for investigation into shelter allegations

Former provincial election candidate organized protest in front of PA Shelter

A monument was unveiled during a ceremony in Tofino last week honouring Jo-Ann Fuller and Ivan Polivka. The monument will be placed on Hwy. 4 near Kennedy Lake. (Photo courtesy of Ambulance Paramedics and Emergency Dispatchers of BC)
Somber ceremony held in Tofino to mark 10th anniversary of fatal ambulance crash

Beloved paramedics Jo-Ann Fuller and Ivan Polivka died in a tragic ambulance crash on Hwy. 4.

New Bulldogs forward Oak MacLeod fires a shot on the Grizzlies’ goal during the first period of a preseason game at the Alberni Valley Multiplex on Tuesday, Oct. 27. (ELENA RARDON / ALBERNI VALLEY NEWS)
BCHL: New guys get game winner for Alberni Valley Bulldogs

Alberni records a 5-4 overtime win against the Victoria Grizzlies

From left to right: Mark Walter, BJ Gillis, Kyle Munro and Danny Gillis of the Alberni Valley Disc Golf Club stand beside a disc golf basket at Dry Creek Park. (ELENA RARDON / ALBERNI VALLEY NEWS)
Disc golf expands to Port Alberni’s Dry Creek Park

New 18-hole course will be ready to play by spring of 2021

Sooke’s Paul Larouche, aka PioneerPauly on YouTube, uses a metal detector in hopes to find gold flakes along his claim of the Sooke River. (Aaron Guillen/News Staff)
VIDEO: Island man finds niche audience by gold-panning on YouTube

Paul Larouche, 29, with over 215,000 subscribers, opens up about his journey

MNP senior economist Susan Mowbray presents the State of the Island Economic Report on Thursday night to conclude the Vancouver Island Economic Alliance’s virtual summit. (VIEA image)
Not-so-rosy State of the Island report caps off virtual summit

Vancouver Island Economic Alliance’s summit took place online Oct. 27-29

A study by SlotsOnlineCanada notes there is at least 88 hours of top-rated horror movies for Canadians to consume this Halloween. (Unsplash)
Spooks and Chill study reveals Canada’s favourite horror flicks

88 hours of top-rated horror movies can fill COVID-19 Halloween

Burnaby RCMP responded to a dine-and-dash suspect who fell through a ceiling in March 2020. (RCMP handout)
VIDEO: Suspected dine-and-dasher falls through ceiling of Burnaby restaurant

A woman believed to be dashing on her restaurant bill fell through the kitchen ceiling

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

A can of Canada Dry Ginger Ale is shown in Toronto on Thursday Oct. 29, 2020. The maker of Canada Dry Ginger Ale has agreed to pay over $200,000 to settle a class-action lawsuit launched by a B.C. man who alleged he was misled by marketing suggesting the soda had medicinal benefits. THE CANADIAN PRESS/Joseph O’Connal
B.C. man’s lawsuit over marketing of Canada Dry ginger ale settled for $200K

Soda’s maker, Canada Dry Mott’s Inc., denied the allegations and any liability

Vancouver Island-based Wilson’s Transportation has expanded to fill some of the routes left unserviced by Greyhound as of Nov. 1, 2018. (Black Press files)
B.C. bus companies say they need help to survive COVID-19

Like airlines, motor coaches have lost most of their revenue

Police hope the public can help find Hailey St. Claire who has been missing since Tuesday. (Photo submitted)
Nanaimo woman reported missing, police asking for public’s help

Hailey St. Claire, 28, was reported missing Tuesday

Most Read