The Seattle Times reports Seattle city officials say they are on target to finish an agreement to renovate Key Arena for NBA and NHL use by Sept. 12th. They hope to have a final deal done by the end of the year.
Brian Surratt, the head of Seattle’s economic development office, told a city council arena committee meeting that a Memorandum of Understanding is already being put together. Surratt said negotiators have had three all-day sessions with the Oak View Group on the details of the proposed $564 million renovation.
The council will also consider a proposal from entrepreneur Chris Hansen to build an all-private arena in Seattle’s Sodo District. Hansen’s MOU expires Dec. 3.
(KPUG Newsroom)