As we reported back in July, the City of Seattle is seeking options for a renovation of Key Arena. At the time, the City stated it would open up a Request for Proposals (RFP) process in January. Fast forward to today, and RFPs are now being accepted.
Per the City:
“The City of Seattle is seeking proposals from parties interested in redeveloping and operating KeyArena at Seattle Center as a world-class civic arena presenting music, entertainment, and sports events, including the potential for NBA and NHL events. Responses are due to the Office of Economic Development by 5:00 p.m. Wednesday, April 12, 2017.”
A full FAQ on the process is available online. It covers the whys, the hows, the expected impacts, and timeframe. It also answers questions about potential NHL and NBA teams and the proposed SODO arena.
As for funding, the RFP ask proposers be responsible for 100% of the funding to complete the redevelopment, construction, and operation of Key Arena.