Dec 072017
 

The MOU for a New Arena At Seattle Center, built and operated by Oak View Group, was officially signed by the Mayor and Tim Leiweke in a ceremony at the KeyArena on Wednesday December 6, 2017.  The event included some scolding (but no 4 letter words) of reporter Chris Daniels (later gifted Sonics socks), questions about next moves to acquire teams, questions about “other competing arenas,” and a lot more joy than has been seen at many other press conferences in Seattle of late.  The actual signing of the document produced some special “gift” pens from Mayor Jenny to CM Juarez and CM Bagshaw, although Tim was clearly less focused on rotating through ceremonial pens and more focused on getting on with building the arena/acquiring teams.  Good man, Mr Leiweke.

Video of the press conference and an embedded version of Chris Daniels and Chris Cashman’s The Next Best Podcast episode about the “OVG Enthusiasm Gap” are below the break.  The news that came out from the NHL board of governors the following day is closing that gap, rapidly.

Still unclear is if the Seattle City Council is going to exempt the OVG MOU from I-91 (SMC 20.47) or if the city council will actually try to figure out a calculation for the “cash value” of an arena lease for 55 years to determine I-91 compliance.  While I have faith that the “cash and property” being leased will be a gain of significant value to the city, the calculations are messy and easily challenged in court.  Prior coverage has suggested the council considered explicit exemption in the MOU but the version signed does not reference I-91 or the Seattle Municipal Code Section 20.47.

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