Three options for new arena or new Key Arena right now:
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Sonics Arena
Location: 1st Ave S/S Massachusetts St/S Holgate St, SoDo
Estimated Cost: $550 million
Estimated Size: 700,000 sq ft.
Seating Capacity: 18,500 (basketball), 17,500 (hockey), 19,000 (concerts), can expand up to 2,000 additional
Additional Feature: On-site training facility
Seattle U has specifically talked to this group about also playing here.
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Investor Chris Hansen's group - including former Sonics player and executive Wally Walker, retail empire magnates Erik and Pete Nordstrom, and Seattle Seahawks starting quarterback Russell Wilson - offered in October 2016 to fully finance the project privately in exchange for an exemption on admission taxes and a reduction of the business & occupation taxes charged on revenue made outside of Seattle. The group seeks a two-block vacation of S Occidental Avenue that bisects the arena site"
New Arena at Seattle Center
Location: 305 Harrison Street, Lower Queen Anne/Uptown
Estimated Cost*: $564 million
Estimated Size: 660,000 sq ft.
Seating Capacity: 18,350 (basketball), 17,100 (hockey), 19,100 (concerts)
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Arena management and consultancy Oak View Group - created and headed by former NBA executive, former NHL executive, and former president of AEG Tim Leiweke, and music industry artist mogul Irving Azoff - has proposed a renovation of the existing KeyArena that would dig down 15 feet to expand the footprint of the arena and more than double the existing square footage."
Seattle Coliseum
Location: 305 Harrison Street, Lower Queen Anne/Uptown
Estimated Cost*: $520 million
Estimated Size: 600,000 sq ft.
Seating Capacity: 18,113 (basketball), 17,120 (hockey), 19,202 (concerts)
"Anschutz Entertainment Group, the world's largest developer and manager of arenas, has partnered with real estate firm Hudson Pacific Properties and a number of local firms to form Seattle Partners. They have proposed a renovation of KeyArena that retains the roof and building while expanding the southern wall to increase the footprint. This would allow for more seating and a centering of the ice rink"