Saturday, June 24, 2017

OVG would not walk away from KeyArena if Hansen gets street vacation

KeyArena developers see 'window of opportunity' for NHL team, but not NBA for a while | The Seattle Times
OVG have sunk costs in presentations and travel, so, there's that holding them to this arena rock money machine.
Leiweke was asked whether his group would pull out of talks if the council in the interim approved a provisional street vacation of Occidental Avenue South that Hansen's group says it needs to be "shovel ready'' and attract more financing and teams.
Leiweke replied that his group would never have pursued the KeyArena renovation if it felt Hansen still had any shot at landing an NBA team. An MOU between Hansen, the city and King County expires Dec. 3 and provides up to $200 million in public bond funding if he acquires an NBA franchise.
KeyArena developers see 'window of opportunity' for NHL team, but not NBA for a while | The Seattle Times
http://www.seattletimes.com/sports/nba/keyarena-developers-see-window-of-opportunity-for-nhl-team-but-not-nba-for-a-while/