, 15 tweets, 8 min read Read on Twitter
BREAKING: @SonicsArena group announces alternative privately-funded plan for #KeyArena, creating two concert venues & theatre; keeps roof
(2) @SonicsArena #KeyArena proposal creates a 6,200-seat indoor concert venue & a 3K seat covered amphitheatre flowing out to Int’l Fountain
(3) The projected cost of @SonicsArena #KeyArena proposal is estimated $90-100 million, fully privately financed by Hansen’s group.
(4) Hansen hired @HOKNetwork, which designed @SonicsArena & Mercedes-Benz Stadium & Philips Arena reno in ATL for #KeyArena re-design
(5) W/ indoor concert venue, covered outdoor amphitheatre & small theatre for plays, new #KeyArena plan integrates well w Seattle Ctr
(6) @SonicsArena sent new letter to @SeattleCouncil, asking for street vacation approval AND proposing alternative plan for #KeyArena
(7) @SonicsArena’s proposal solves @MayorEdMurray’s “$150mil liability” #KeyArena dilemma, fully privately financed by Hansen’s group
(8) @SonicsArena’s proposal for #KeyArena will not touch its historic roof, designated for local historical landmark status last month
(9) @SonicsArena’s #KeyArena proposal also includes two levels of underground parking for 525 spots
(10) Financial model for @SonicsArena #KeyArena plan: Fund arena construction, assume all risk; pay rent to city; make $ from events there
(11) Sequence: Once SODO gets done (hopefully while #NHL team plays at Key in interim), then this #KeyArena transformation takes place
(12) @PortofSeattle’s anti-SODO Arena “traffic” argument (ridiculous to begin with) is now reduced by full funding of Lander St. Overpass
(13) Original RFP was for “world-class arena” that could host NBA/NHL tm. This plan is different; shouldn’t be considered “past deadline”
(14) Hansen’s plan: Now fully privately funded, better location, Lander fully funded, solves KeyArena dilemma in a more reasonable way
(15) Again, @SonicsArena still needs @SeattleDOT’s recommendation for a street vacation so it can move to @SeattleCouncil for a vote
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