Seattle selects influential investor for KeyArena renovation
SEATTLE — For more than a decade, Seattle has spun in circles in the quest for an upgraded sports arena, never finding a solution that didn’t face multiple obstacles.
Seattle may have finally found its path to an answer and with it the culmination of a saga that could land either an NHL or NBA team in the city.
With KeyArena in the background, Mayor Ed Murray discussed his reasons Wednesday for selecting the Oak View Group, headed by industry leader Tim Leiweke, to do a $564 million privately funded renovation of the former home of the SuperSonics. The renovation would bring the building up to the standards of the NBA and NHL.
“I think the proposal they have put forward is absolutely the best that we’ve got of any of the proposals,” Murray said.