$660M KeyArena deal submitted to Seattle City Council

Seattle Mayor Ed Murray and the Oak View Group (OVG) have a formal agreement to build a $600 million privately financed arena at Seattle Center, with tens of millions more in transportation mitigation. The deal calls for construction to begin next year and be complete by 2020. The Memorandum of Understanding (MOU), as it is commonly known, was formally submitted to the Seattle City Council on Tuesday morning in the Select Committee for Civic Arenas. OVG co-founder and CEO TIm Leiweke said in a statement that the MOU is a step forward in bringing Seattle an arena at Seattle Center.

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