Plans Announced for $660 Renovation to the Seattle KeyArena
Los Angeles architecture firm Populous and developer Oak View Group (OVG) announced a major $660 million renovation on the Seattle KeyArena that will double its interior space and still keep its iconic 60s-era roofline.
The renovated arena will have a glass atrium and club space on an upper-deck. Construction is scheduled to begin in October and will last approximately two years, although a contractor has yet to sign onto the plans.
OVG committed to covering any budget overages, and set aside $40 million for transportation and $20 million for community benefits in two funds. Furthermore, OVG promised to sign a nearly 40-year lease, and will put a floor on rent equal to the arena’s current revenue.
The innovators at Populous are looking to dazzle Seattle natives and tourists. They draw on experience from a Madison Square Garden Co. project in Las Vegas, the MSG Sphere Arena, which is also in the planning stages.
Although there is still plenty left to be done, the project’s ambition, scale and respect for its architectural origins are already impressive.
Latest
Mastering AV Sales Strategies: A Diverse Market Requires Understanding Individual Needs
Mastering AV sales strategies in a global professional audio-visual (Pro AV) market, poised to reach $79.2 billion by 2028, requires much attention to detail. The surge in demand from corporate, government, and institutional sectors, driven by the need for enhanced productivity and efficient working environments, gives AV sales pros a lot of opportunity. In […]
Cybersecurity in Healthcare: Addressing the Growing Threat
To keep up with the growing threats, cybersecurity in healthcare is a high-level priority. The recent ransomware attack on Ardent Health underscores a stark reality for the healthcare industry: cyber threats are a significant and ongoing challenge. Mike Saylor, the CEO of Blackswan Cybersecurity, LLC, sheds light on the complexities of cybersecurity in healthcare. […]
Effective Debt Management Holds the Keys to Small Business Cash Flow and Growth
Effective debt management through a robust accounts receivable system is essential for small business cash flow and growth, necessitating automated payment schedules and strategic policy adjustments. Collaborating with a collection agency as a strategic partner can enhance revenue recovery while preserving positive customer relationships. How critical is effective debt management for the financial health […]