Seattle mayor inks KeyArena deal to lure NBA, NHL teams

SEATTLE (AP) — Seattle Mayor Jenny Durkan has signed an agreement with a developer to renovate KeyArena so the venue could be ready for an NBA or NHL team.

Durkan told reporters Wednesday the deal with Los Angeles-based Oak View Group is the best path for Seattle to get an NHL team and bring back the NBA.

news-app-download-apple-350x50news-app-download-android-350x50

OVG CEO Tim Leiweke says his group will work to get a team to join the WNBA’s Seattle Storm at KeyArena.

OVG would privately finance a $600 million remodel of the aging arena. The deal includes $20 million in cash and in-kind contributions to nonprofit organizations and $40 million for traffic improvements.

Durkan says the deal protects taxpayers and is good for the city. She says it does not block other possible arena projects.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s