SEATTLE - The Mayor of Seattle, Ed Murray, has picked the prestigious investor group Oak View Group to revamp the more than fifty-years old KeyArena.
Since the current mayor is not seeking to be re-elected, the next mayor will have to supervize the KeyArena renovation project that is worth more than half a billion dollars.
Jessyn Farrell, who is a candidate in the next election, will take a close look at the transportation issue.
Oak View Group CEO say that they will deal with the area and transportation problems.
Candidate Mike McGinn is the former mayor who backed the SoDo option. He thinks that this option should be kept alive.
What is their proposal in Seattle?
OVG's proposal offers an ambitious overhaul and the money will come from various income streams.
The plan is called “New Arena at Seattle Center.” The whole facility will be rebuilt except for the roof.
Was it the only proposal?
Another bid came from Seattle Partners but they withdrew their proposal. The city was heavily criticised for the way it handled proposals which prompted this offer to be withdrawn.
Is a new Seattle sports team in the works ?
Seattle has historically been a basketball town but the NHL has also shown interest.
The NHL is still waiting to see how and when the project will start since there have been many roadblocks since the beginning of the project.
The proposal says the arena should be completed by 2020, in time for the new NBA season.
What is the current status of SODO arena plans?
Chris Hansen, another investor, is still waiting for an opportunity to create a new arena financed by private funds near Safeco Field and close to the city's maritime businesses even though they don’t want to see another sports venue anywhere near them.
The SoDo has been voted down but has not been buried yet.
What are the implications for traffic?
Alternate traffic solutions are being explored such as shuttles, rideshares, and cycling. A light rail station will also open nearby meaning that car access will decrease overtime.