City of Seattle and OVG Sign Memorandum of Understanding for Redevelopment of the KeyArena at Seattle Center

Redeveloped arena at Seattle Center anticipated to break ground in 2018 and open in 2020 to be NBA and NHL ready

Costs of Construction and Development are 100% privately financed by OVG

SEATTLE (December 6, 2017) – The City of Seattle and the Oak View Group (OVG) today announced the signing of the Memorandum of Understanding for the privately financed redevelopment of KeyArena at Seattle Center.

“Today we’re writing a new chapter to define our Seattle for decades to come. This agreement is a win for our City, it’s great for music and sports fans, and it’s good for taxpayers – it does not put the City on the hook for even a single cent of project construction,” said Mayor Durkan. “This agreement provides good, family wage jobs and makes investments in our transportation system and in helping combat homelessness.”

“We feel extremely good about the partnership…

Original published: 2017-12-07 00:10:29 Read the full Seattle News here

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