Though Major League Baseball Commissioner Rob Manfred has cited Portland, Ore., as a target for MLB expansion and Seattle Seahawks quarterback Russell Wilson has joined a fledgling investment group attempting to bring a team to that city, Portland can't help the Mariners. After that, the Seattle City Council would vote on a development and lease agreement. That left only the remaining debt from the $422 million the Seatlle gave Microsoft Paul Allen to help build the Seahawks’ current home at CenturyLink Field in 2002. 10 Seattle-area hikes for seeing beautiful fall colors. OVG is planning on adding 400 underground stalls adjacent to the arena to help mitigate the loss of the garage, but they claimed the alteration to their plans will not result in the loss of any underground loading dock or storage space. NHL officially awards new expansion team to Seattle; Calgary City Council approves new arena, BMO Centre, Art Commons expansions You may opt-out by. On Monday OVG CEO Tim Leiweke told The Seattle Times an Uptown neighborhood association and other stakeholders "expressed a desire to keep the area surrounding KeyArena more 'free-flowing' without a traffic bottleneck the above-ground garage would likely have caused." The arena group’s initial lease will be for 39 years, with options for extensions. The winner, Oak View Group, is taking on the now-$700 million project with $40 million in tax-increment financing from ticket sales and another $50 million in federal historic preservation tax credits (the arena and surrounding Seattle Center hosted the 1962 World's Fair, after all). Never mind that the Mariners' wish list includes $501 toasters, $3 million in new furniture, and more parking at $100,000 per stall. See also. (Photo by Otto Greule Jr/Getty Images). Here's what Seattle voters... Seattle named 2nd fastest-growing large city in US, 16 scary movies based, filmed in Seattle to watch this Halloween, Coronavirus transmission, cases increasing in King County. Opinions expressed by Forbes Contributors are their own. Share with us! As mentioned by many others, Seattle currently has bigger issues to address than the Mariners' ballpark. The new Key Arena will be “absolutely state-of-the-art” revamp of KeyArena, from the way things function back-of-house, to updates to food services. Never mind that the Mariners avoided Seattle voters and went right to the state legislature to get Safeco built. Project executive Ken Johnsen said that now, “we’re doing the base work, we’re going down... then we start coming back up.” At that point, said Johnsen, they’ll have more “schedule certainty “, “It’s important that we do it right,” said Johnsen. The final price tag for a new arena underneath the Key Arena roof has risen to between $900 million and $930 million, Seattle NHL team president Tod … Taxpayers financed a $74 million renovation of the arena nine years ago, when the Sonics were owned by Barry Ackerley. In addition to the hockey square footage, the arena is set to have 18,600-person capacity for basketball, plus 750,000 square feet of interior space. What's the first event or concert you attended at Key Arena? All Rights Reserved, This is a BETA experience. “It’s important that we do it safe.”. The final price tag for a new arena underneath the Key Arena roof has risen to between $900 million and $930 million, Seattle NHL team president Tod Leiweke said Thursday. I served as a copy editor, page editor and news editor at The…, I have been in journalism since serving as an intern with the Newark Star-Ledger in Newark, N.J., in 1995. In 2011, the city finally paid off the $384 million it spent building Safeco Field for the Mariners in 1997. Instead, it was able to convince two development groups to bid against each other to renovate existing Key Arena. Los Angeles-based Oak View Group announced a change to its design for what it's calling the "New Arena at Seattle Center" (NASC), removing an 850-stall parking garage along the arena… The Storm are playing out of the University of Washington’s Alaska Airlines Arena and at Angel of the Winds Arena in Everett during construction. Seattle traffic is among the worst in the world, it's tolling an increasing number of its roads, and both public transportation and road projects are consuming resources in this fast-growing city. When Seattle Center Arena, formerly known as Key Arena, reopens in the summer of 2021, it will be primed for Seattle’s new NHL team — and potentially soon after, the return of the NBA to the city. Safeco Field. Meanwhile, the interior of the old Key Arena has been stripped, ready to be demolished, save for the roof. "The arena is a part of Lower Queen Anne/Uptown and the design must, holistically, respect the flow and connection between the arena and the neighborhood. That led to the demise of the garage, a key element of their initial plan. The opening date has also been pushed back, tentatively scheduled for the summer of 2021. Download premium images you can't get anywhere else. Seattle wanted the Sonics back, but is getting a bunch of hands in its pockets instead. By choosing I Accept, you consent to our use of cookies and other tracking technologies. “Many... still believe it’s a renovation,” said Tod Leiweke. The latest photos provide insight into how the venue will eventually look.

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