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.

Follow us on social media for the latest updates in B2B!

Latest

Tech Layoffs
The Impact of Tech Layoffs on Remote and Overseas Workforces
June 30, 2022
As businesses search for profitability in the face of a potential recession, many tech companies have made the difficult decision to layoff significant portions of their staff. But what, if any, impact does this Read more
Gossip About Gossip: Building Sustainable Carbon Credit Workflows on Hedera
June 30, 2022
The success of blockchain relies on digital information and transactions that are trustworthy. KrypC is a global technology solutions company that delivers secure, enterprise-grade blockchain solutions to Read more
Omnichannel Experiences Will Depend on Managed Devices and Cloud Ecosystems
Omnichannel Experiences Will Depend on Managed Devices and Cloud Ecosystems
June 30, 2022
  The experience economy that drives omnichannel for today’s retail consumers enables them to bridge both the virtual and physical through a combination of seamless online and in-store Read more