455:. Ballmer purchased the Clippers for a then record $ 2 billion. His departure was a devastating double blow for the Sonics Arena investment team, as not only was he expected to be the majority owner of a prospective NBA franchise (A requirement for construction of the arena to commence), but the purchase price of the Clippers also greatly inflated the expected asking price of an NBA franchise (The Houston Rockets selling 3 years later for $ 2.2 billion ). Hansen vowed to press on with the project despite Ballmer's departure, but acknowledged that he would need to find one if not multiple new investors to replace Ballmer's contribution. The Mayor's budget director Ben Noble later said of the departure of Ballmer that "the mood at City Hall for Hansen's original MOU soured considerably after Steve Ballmer purchased the Los Angeles Clippers for $ 2 billion in 2014."
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the new basketball arena in SoDo in an effort to kick start the project again. Under the proposal, KeyArena would have been subdivided into 3 venues of varying sizes including a 6,200 seat indoor venue, a 3,000 seat outdoor venue, and a 500-seat theater. The project also included 500 underground parking stalls. The proposal was dismissed by the Office of
Economic Development as the proposal was never officially submitted during the RFP process for KeyArena. "If the SODO Arena Group was interested in redeveloping KeyArena, they should have submitted their proposal during the RFP process, which would have shown a willingness to work with the City on this project. They did not submit a proposal and continue to show no interest in working in partnership with the City."
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arena costing $ 7 million. The study also estimated the cost of rebuilding the arena into an NBA or NHL ready facility to be $ 285 million, considerably less than the $ 490 million price tag of the SoDo arena. Coupled with the NBA/NHL ready design, AECOM also examined the likelihood of securing a franchise in both the NBA and NHL, and concluded that NBA expansion was unlikely in the near future as the league had concerns about "product dilution" and that relocation was unlikely as "there currently is no team that is actively and publicly planning to move", but that
Seattle was a top market for potential expansion or relocation of an NHL franchise due to its population, population growth, median household income, and corporate support.
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rent and taxes generated by arena operations). Instead, the group would pay for the entire cost of construction and contribute to other traffic and freight mobility improvement projects, including the Lander Street
Overpass, in exchange for the vacation of Occidental Avenue, a waiver on admission taxes similar to that granted to the other sports venues, and a reduction of the B&O tax rate on out-of-town revenue. The letter was issued the day before news began to surface that the city was more seriously considering a redevelopment of KeyArena instead.
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406:. The total cost of a new arena had been estimated to be $ 490 million, and the investment group had proposed a direct public investment of up to $ 200 million to be repaid by ticket surcharges, split between the City of Seattle and King County. The investors had agreed to pay any construction shortfalls and for improvements to KeyArena, which would serve as a temporary home for both a new NBA team and a new NHL team while the arena was being built.
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On March 13, 2013, Chris Hansen's group released preliminary design renderings of the arena's interior. Configured to support both basketball and ice hockey, the renderings illustrated two unique seating options. Small sideline "pocket" suites would be less than ten rows from the floor. In the upper
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were the first organizations to publicly oppose the arena proposal. All sent strongly worded letters to the city and county arguing the location would negatively impact their business. The
Mariners argued that "scheduling, traffic and parking challenges that would likely require hundreds of millions
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and local longshoreman unions, citing their previous arguments from 2012 of increased traffic and gentrification of the "industrial waterfront". On May 2, 2016, the
Seattle City Council voted 5–4 against the street vacation and sale of the street. Hansen said the following day in a statement that he
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On
September 7, 2017, the day before a draft MOU for the redevelopment of KeyArena was to be delivered to the City Council, the Sonics Arena group released a 10-page letter detailing a $ 100 million privately financed redevelopment of KeyArena into a concert venue to be coupled with construction of
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On
October 25, 2016, in a letter to Seattle Mayor Ed Murray, King County Executive Dow Constantine and the Seattle City Council, Hansen's group offered to terminate the MOU and waive the requirement for the City and County's $ 200 million contribution (bonds which would have been repaid pay through
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released a study commissioned by the 2012 MOU for alternatives for the redevelopment of KeyArena. The study examined multiple potential options including a concert venue, an adventure park, a museum and even 400-500 units of housing, each option costing more than $ 100 million, demolition of the
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On
September 11, 2012, the Seattle City Council reached a tentative agreement with Chris Hansen to build a SoDo basketball and ice hockey arena with revisions including the base rent being reduced from $ 2 million a year to $ 1 million, some tax revenue paying for surrounding transportation
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On July 30, 2012, the King County
Council approved the draft Memorandum of Understanding (MOU) that Chris Hansen, Mike McGinn, and Dow Constantine proposed. Earlier that day the Seattle City Council had declared the MOU unacceptable in its current form with the intent to renegotiate.
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tier of the arena, three "Sonic Ring" sections would have allowed expanded standing-room seating. It could be opened or closed based on event capacity needs. Each ring would have featured approximately 800–900 fixed seats and standing-room capacity for between 700 and 1,500 people.
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wrote an editorial opposing the arena proposal, writing, "The glittering offer should be turned down with a resolute ‘no thanks." The paper argued that the location would be too detrimental to the business of Port of
Seattle and other companies in the industrial area.
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Baseball club sent a letter to the Seattle City Council objecting to the location of the arena, citing traffic issues affecting freight mobility at the port, scheduling conflicts with Mariners' games, and gentrification of the "industrial waterfront".
375:. The day after the NBA's decision, the Maloof family reached agreement to sell the Kings to a group led by Silicon Valley tech entrepreneur Vivek Ranadivé for a record NBA franchise valuation of $ 535 million and the team stayed in Sacramento.
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announced an agreement with the Hansen's investment team. The Mayor and Executive forwarded a memorandum of understanding was forwarded to the Seattle City Council and the King County Council for further review and approval.
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Approximately 6,000 supporters of the arena proposal rallied at Occidental Park on June 14, 2012. At the two-hour rally, Chris Hansen, Dow Constantine, and other council members spoke along with former Sonics
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and his group would "need to take a little time to step back and evaluate options." Mayor Murray later said that the vote made it "less likely that the NBA will return to Seattle."
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for the redevelopment of KeyArena. The MOU included an exclusivity clause that forbade the city from giving benefits to any other group proposing an arena of 15,000 seats or more.
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promised to pay half of the $ 300 million needed for a proposed remodel of KeyArena (with Seattle and King County financing the other half), but an agreement was not reached.
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On December 4, 2017, the day after the original MOU with the Sonics Arena group expired, the Seattle City Council voted 7-1 to approve a memorandum of understanding with the
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In late 2011, the City of Seattle was approached by San Francisco hedge fund manage Chris Hansen with a proposal to build a multipurpose arena in an industrial zone south of
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neighborhood. He is managing partner of Valiant Capital in San Francisco, where he manages approximately $ 2.44 billion in public and private investments as of April 2013.
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On October 15, 2012, the King County Council voted unanimously in favor, while the Seattle City Council voted 7–2 to approve the amended SoDo multipurpose arena proposal.
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improvements and KeyArena renovations, a study for alternatives for the redevelopment of KeyArena, and an added five-year personal guarantee of bond debts from Hansen.
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A key reason given for the Sonics' relocation to Oklahoma City in 2008 was KeyArena's small size and lack of amenities. Before moving the team, the SuperSonics'
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of dollars to mitigate." The Port raised concerns regarding transportation, infrastructure and land use, and asked for an alternative site analysis.
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were sold to a Seattle-based ownership group, on the condition that the NBA Board of Governors approve the sale to San Francisco hedge fund manager
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using $ 500 million in public funds, but an agreement was not made. In an attempt to keep the Sonics in Seattle, a group of investors led by former
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The Seattle Design Commission approved the project on September 3, 2015. On November 30, 2015 the Seattle Department of Transportation and Mayor
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from 1915-1924 and became the first American team to win the Stanley Cup in 1917. Other professional hockey teams included the Seattle Eskimos,
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On September 24, 2012, the Seattle City Council approved the memorandum of understanding for the proposed SoDo basketball/ice hockey arena.
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371:. These reports were by Hansen, the Maloof family, and the NBA. However, on May 15, 2013, the NBA voted 22-8 to reject the Kings' proposed
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Despite the failed attempt to move the Kings, Hansen's plans to bring an NBA team back to Seattle, possibly by expansion, are continuing.
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162:. The proposal called for an arena with a capacity of around 19,000 to 20,000 seats. It was part of a larger plan to return the
1574:
City of Seattle - Downtown Design Review Board, Seattle Arena Design Recommendation #3, September 1, 2015, 118 pages, illustr.
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In 2015, two proposals from other groups interested in both basketball and hockey proposed new arenas in the suburbs of
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in 1995, then remodeled again and given its current name in 2021. KeyArena was the home of the SuperSonics from
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The primary investor for the project was Chris Hansen. Hansen had a modest upbringing in Seattle's
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307:. Climate Pledge Arena also hosts concerts, circuses, professional wrestling, and other events.
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517:; former minor Sonics owner Erik Nordstrom, Executive Vice President and President (Stores) of
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The KeyArena (then named the Seattle Center Coliseum) was the home of the minor professional
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174:, to the city of Seattle. The proposal was rejected in favor of redeveloping KeyArena into
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264:. Several professional hockey teams have played in Seattle since 1915. The first was the
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1232:"Seattle city council rejects street closing plan for proposed arena | Reuters"
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1206:"Seattle City Council kills sale of street for Sodo arena; Sonics fans despair"
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1257:"Sonics arena backers propose to fully pay for new arena, street improvements"
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recommended that Occidental Avenue should be vacated for the arena. The
1320:"Approval of KeyArena redevelopment moves Seattle toward NHL franchise"
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1088:"Houston Rockets sold to Tilman Fertitta, reportedly for $ 2.2 billion"
733:"Mayor Nickels announces local effort to buy Sonics, renovate KeyArena"
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222:, the duration of the NBA team's existence in Seattle. The SuperSonics
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910:"County Executive, Mayor and Chris Hansen reach agreements for arena"
826:"Source: Seattle's NBA hopes still high as league warms to expansion"
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1428:"Mariners tell city, county: Don't put another sports arena in Sodo"
1180:"Hansen's Sodo arena project suffers huge loss in City Council vote"
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1305:"SODO arena group offers to privately finance KeyArena renovation"
937:"Sodo traffic study promised after Mariners, Port object to arena"
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1152:"Waterfront business and labor leaders elated by anti-arena vote"
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715:"Owner: Okla. City chosen destination if no arena deal reached"
202:. Originally built to be the Washington State pavilion for the
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1074:"Steve Ballmer now owns NBA's Clippers for record $ 2 billion"
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from 1977 to 2009. In 2009, the Thunderbirds relocated to the
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632:"Seattle Arena gets full design approval; Final vote on tap?"
459:
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1137:"City Council Study: KeyArena could be renovated for $ 285m"
689:"Seattle moves ahead with arena remodel to attract NBA, NHL"
773:"Kings to stay in Sacramento as owners reject Seattle move"
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1447:"Chris Hansen, ex-Sonics, politicians rally for new arena"
1409:"Ballmer, Nordstroms part of Seattle arena investor group"
800:"Source: Kings sold to Sacramento group for $ 535 million"
662:"Seattle and King County councils approve Sodo arena deal"
1529:"Alternatives to Sodo arena emerge in Bellevue, Tukwila"
1350:"Chris Hansen: Meet the man with the plan for NBA arena"
1466:"Sodo arena: wrong location, bad plan, no public funds"
895:"Plans for Seattle NBA arena to be announced Thursday"
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in light of delays in the approval of the SoDo arena.
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left the Sonics Arena investment team to purchase the
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How the Seattle Center arena rose from the SoDo ashes
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Miletich, Steve; Thompson, Lynn (February 15, 2012).
1123:"Mayor's office quietly exploring KeyArena remodel;"
1230:Brendan O'Brien and Eric M. Johnson (May 3, 2016).
287:Climate Pledge Arena's current tenants include the
248:from 1963 to 1975. KeyArena was later home to the
1388:. Institutionalinvestorsalpha.com. April 29, 2013
206:in 1962, after the end of the Fair it became the
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974:"Letter from Seattle City Council to Mr. Hansen"
747:"Maloofs sell Kings to Hansen-led Seattle group"
625:
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172:potential National Hockey League (NHL) franchise
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312:Alaska Airlines Arena at Hec Edmundson Pavilion
1464:Seattle Times Editorial Board (July 7, 2012).
735:(Press release). City of Seattle. May 6, 2008.
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1406:
1106:"Hansen says Seattle NBA hopes will continue"
1094:. NBA Media Ventures, LLC. September 5, 2017.
952:"King County Council approves arena proposal"
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150:, United States. The arena would have hosted
1407:Thompson, Lynn; Young, Bob (June 13, 2012).
198:in the greater Seattle metropolitan area is
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753:. NBA Media Ventures, LLC. January 21, 2013
531:International Longshore and Warehouse Union
1807:Unbuilt indoor arenas in the United States
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1368:"Some Heavy Hitters Support Seattle Arena"
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1026:"Seattle City Council approves new arena"
1000:"City Council reaches revised arena deal"
234:, in 2008 and are currently known as the
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1051:"Seattle arena deal gets final approval"
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779:. NBA Media Ventures, LLC. May 15, 2013
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390:King County Executive Dow Constantine,
297:Women's National Basketball Association
210:Coliseum. It was remodeled and renamed
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1506:"To All the Green & Gold Faithful"
1335:"Key Arena agreement approved by city"
1333:Lloyd, Sarah Anne (December 5, 2017).
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348:proposed that a new arena be built in
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1072:Martinez, Michael (August 13, 2014).
1024:Thompson, Lynn (September 24, 2012).
998:Thompson, Lynn (September 11, 2012).
979:. Seattle City Council. July 30, 2012
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1318:Wyshynski, Greg (December 4, 2017).
1303:Daniels, Chris (September 7, 2017).
630:Daniels, Chris (September 3, 2015).
497:
310:Other arenas in Seattle include the
1281:. SonicsArena.com. October 25, 2016
447:On August 12, 2014, major investor
409:On February 16, 2012 Seattle Mayor
13:
1579:King County Council - Arena Portal
1374:. New York, NY. AP. June 23, 2012.
721:. Associated Press. July 19, 2007.
660:Kreamer, Matt (October 15, 2012).
458:In June, 2015, architecture giant
14:
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1527:Baker, Geoff (February 4, 2015).
1484:"SEATTLE… LET'S MAKE SOME NOISE!"
474:was subject to opposition by the
170:) franchise, along with adding a
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1587:- coverage of the proposed arena
1426:Thompson, Lynn (April 3, 2012).
1259:. KOMOnews. AP. October 25, 2016
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1668:Living Computers: Museum + Labs
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1445:Condotta, Bob (June 14, 2012).
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935:Kreamer, Matt (April 5, 2012).
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394:, and Seattle Mayor Mike McGinn
1178:Cohen, Stephen (May 3, 2016).
1150:Wilhelm, Steve (May 3, 2016).
908:Thomas, April (May 16, 2012).
824:Condotta, Bob (May 18, 2013).
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190:The east entrance to KeyArena.
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1744:Seattle Mariners Hall of Fame
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134:was a proposed multi-purpose
1204:Baker, Geoff (May 2, 2016).
1157:Puget Sound Business Journal
1139:. King5. September 25, 2015.
1053:. ESPN. AP. October 15, 2012
950:Young, Bob (July 30, 2012).
873:"Frequently Asked Questions"
798:Berger, Ken (May 17, 2013).
585:Other Seattle-area proposals
7:
1386:"Q1 2013 losses by Valiant"
600:
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322:, a performing arts venue.
293:Seattle University Redhawks
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1184:Seattle Post-Intelligencer
1125:. King5. October 26, 2016.
413:and King County Executive
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529:In early April 2012, the
509:Other investors included
363:On January 21, 2013, the
138:to be constructed in the
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16:Proposed arena in Seattle
1797:Sports venues in Seattle
954:. Blogs.seattletimes.com
851:"About the Sonics Arena"
324:Angel of the Winds Arena
37:47.58722°N 122.3332139°W
64:1700 First Avenue South
421:On April 5, 2012, the
395:
295:athletic program, the
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42:47.58722; -122.3332139
565:On July 7, 2012, the
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373:relocation to Seattle
330:, is the home of the
266:Seattle Metropolitans
254:Western Hockey League
243:Western Hockey League
194:The largest arena by
189:
1658:The Comeback Seattle
897:. February 16, 2012.
453:Los Angeles Clippers
305:Rat City Rollergirls
268:, who played in the
252:of the major junior
250:Seattle Thunderbirds
204:Seattle World's Fair
200:Climate Pledge Arena
176:Climate Pledge Arena
1802:Seattle SuperSonics
1108:. AP. June 2, 2014.
914:Mayor McGinn's Blog
291:NHL franchise, the
164:Seattle SuperSonics
73:Seattle, Washington
53:
33: /
1372:The New York Times
695:. December 5, 2017
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339:Everett Silvertips
316:Washington Huskies
192:
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1533:The Seattle Times
1470:The Seattle Times
1451:The Seattle Times
1432:The Seattle Times
1413:The Seattle Times
1354:The Seattle Times
1337:. Curbed Seattle.
1210:The Seattle Times
1030:The Seattle Times
1004:The Seattle Times
875:. SonicsArena.com
853:. SonicsArena.com
830:The Seattle Times
667:The Seattle Times
498:Private investors
400:CenturyLink Field
282:Seattle Americans
270:Seattle Ice Arena
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94:Construction cost
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1508:. March 29, 2013
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1486:. March 13, 2013
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423:Port of Seattle
415:Dow Constantine
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