Construction on a major remodel likely couldn’t begin until late spring of 2019 after NCAA men’s tournament regional games are played there. Two groups proposing to renovate the arena for NBA and NHL use have estimated it would take roughly two years to complete the project.
It looks increasingly like any plan to renovate KeyArena would not be completed until the start of the 2021-22 season for both the NHL and NBA.
That’s one year later than the previous forecast of the earliest possible timeline. The news came on the heels of the NCAA awarding part of its March 2019 men’s basketball tournament to the 55-year-old facility.
All indications are the city is standing by its guarantees that the venue would be available for hosting some of the tournament’s first- and second-round games, meaning construction on a major remodel likely couldn’t begin until late spring of 2019.
“It is too soon to determine if there would be a scheduling conflict with proposed KeyArena redevelopment,” Joe Mirabella, a spokesman for the city’s Request for Proposals (RFP) process to renovate the 55-year-old facility, said in a written statement. “City staff are currently reviewing the RFPs and proposed development timelines for each proposal to build a world class arena in Seattle.”
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The Oak View Group (OVG), a Los Angeles-based company headed by Tim Leiweke that has submitted a $564 million renovation proposal, has said the arena could be ready for NBA and NHL use by the start of both leagues’ seasons in October 2020. Leiweke has said it would take about two years to build the arena once all permissions are obtained.
Seattle Partners, a combination of Anschutz Entertainment Group (AEG) and Hudson Pacific Properties, has stated it would take “24-to-26 months” to carry out its $520 million…