KeyArena Rebuild RFPs Are In

 Other Arenas, Property  Comments Off on KeyArena Rebuild RFPs Are In
May 012017
 

KeyArena RFP Responses

The KeyArena RFP announced by Ed Murray back in October 2016 has had more detailed, although still annotated as “redacted for public,” responses.  The AEG/Seattle Partners response is a 6 page executive summary and a 690 page full proposal pdf that includes letters of support from other NBA team owners.  The Oak View Group has submitted a 3 page executive summary and a 108 page proposal.  This is going to take some time to comb through, so I’ll add more details when time permits.  I added the Key RFP page to the list of links above.

King5 has a story that summarizes some details of the proposals, which can give you some inspiration on what to look out for.

SoDo Arena’s Necessary Occidental Avenue S Street Vacation Resurfaces

 Lawsuit, PR Campaign, Property  Comments Off on SoDo Arena’s Necessary Occidental Avenue S Street Vacation Resurfaces
Feb 022016
 

Street Vacation Hearings in March

Chris Daniels reported that Mayor Ed Murray has thrown some weight around to push the Occidental Avenue South street vacation forward to a vote.  Councilmember O’Brien has scheduled the public meeting at the “afterhours” time of 5:30 PM March 15th (sure to be more pep rally than discussion of the public’s value of the street) with subsequent potential subcommittee meetings on April 5th and 19th and, based on the subcommittee’s recommendation, a full council vote following as early as the 25th.  The street currently runs through the middle of Hansen’s proposed arena and would need to be removed to allow construction of the arena.

I am still looking for application documents related to the street vacation, but right now I’m only seeing this document related to designating Occidental Avenue S a Green Street in front of Centurylink and next to SafeCo’s parking garage. (UPDATE – see edit at bottom for a map of this one block street vacation).

The hashed green outline marks the newer green street designation.

The hashed green outline marks the newer green street designation.

The Occidental Avenue S street vacation is expected to only be granted with the acquisition of an NBA team, construction of an arena, pedestrian walkways, and many other improvements.  The county and city councils would still have to vote to issue bonds used to pay Hansen for the arena land and portion of the arena, but if that vote must occur prior to construction activity is something I’ll have to review.  As it stands now, the 5 year deadline on Hansen’s MOU expires in October 2017.

Seattle’s SoDo Arena – No Need to Rush

I will remind you that in May 2013, nearly 3 years ago, comments were along the lines of

“We think we’ll get through the EIS process at the end of the year, and then we’ll probably pay some appeals and (there will) be some things we need to mitigate,” Hansen said. “And we think it will be shovel-ready by this time next year.”

While Sacramento’s arena was, locally, viewed as being further behind in early 2013, with full motivation the Sacramento arena has pushed forward to a very complete state (live cameras here) with opening expected by October 2016.

 

Edit 2/4 – Documents related to the street vacation are trickling in.  This has a map.

Vacated street is the blue portion inside the arena project site outlined in red.

Vacated street is the blue portion inside the arena project site outlined in red.

Ed Murray on Ask the Mayor says MOU stands, no NHL-first-ies

 Finance, MOU, Security  Comments Off on Ed Murray on Ask the Mayor says MOU stands, no NHL-first-ies
Nov 132014
 

A great deal of hand-wringing from McGinn’s ousting has revolved around Murray’s lukewarm support of any NBA ambitions.  The NHL continues to explore the Seattle arena proposal, but nobody is committed to being Hansen’s deep-pocketed partner in making their mostly revenue-neutral* arena deal work.  Nobody in a power position is itching to re-open the MOU to renegotiation and Mayor Ed Murray made a NHL dream-shattering statement that an arena without an NBA team just wasn’t going to pencil out for the city, the NHL is not stable enough a partner to proceed with.  For video confirmation, watch the response at 55:50.

(* neutral to the city funds because we assume that the public is too math-illiterate to realize they’re paying higher property taxes due to the arena and, because those higher taxes pay arena bonds rather than tax stuff, we also assume the arena would not require any of the city/county services the taxes it generates would usually pay for)