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Record No: Res 31764    Version: Council Bill No:
Type: Resolution (Res) Status: In Committee
Current Controlling Legislative Body City Clerk
Final Action: 8/18/2017
Ordinance No:
Title: A RESOLUTION related to the redevelopment of KeyArena into a first-class, state-of-the-art, multi-purpose entertainment and sport center (the "Arena") at Seattle Center; supporting The City of Seattle negotiating with Oak View Group, LLC (OVG) regarding the possible redevelopment and operation of the Arena at Seattle Center; and requesting the Mayor to negotiate a memorandum of understanding with OVG for the City Council's consideration and action.
Sponsors: Debora Juarez, Bruce Harrell
Attachments: 1. Att A - Proposed KeyArena Redevelopment Letter (added; 8/14/17)
Supporting documents: 1. Proposed Substitute (added; 8/14/17), 2. Summary and Fiscal Note, 3. Signed Resn_31764
CITY OF SEATTLE
RESOLUTION __________________
title
A RESOLUTION related to the redevelopment of KeyArena into a first-class, state-of-the-art, multi-purpose entertainment and sport center (the "Arena") at Seattle Center; supporting The City of Seattle negotiating with Oak View Group, LLC (OVG) regarding the possible redevelopment and operation of the Arena at Seattle Center; and requesting the Mayor to negotiate a memorandum of understanding with OVG for the City Council's consideration and action.
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WHEREAS, on January 11, 2017, the City's Office of Economic Development released a Request for Proposals (RFP) for the possible redevelopment of KeyArena; and
WHEREAS, the City's RFP included the following seven objectives related to the project: (1) develop a world-class sports and entertainment arena, (2) integrate with Uptown's Urban Design Framework, (3) include minimal City financial participation in capital development, (4) include minimal City financial participation in ongoing operations, (5) address transportation impacts, (6) treat neighbors and impacted workers equitably, and (7) contribute to Seattle Center's vibrancy; and
WHEREAS, the City has created a thorough approach for evaluating proposals submitted in response to the RFP as outlined herein: (1) Community Advisory Panel comprised of community leaders to review proposals and offer advice and observations on strengths and areas of concern; (2) City Staff Review Teams to provide detailed analysis of the proposals as they relate to the RFP and the City's objectives; (3) Executive Review Team to evaluate the City Staff Review Team recommendations, as well as feedback from the Community Advisory Panel; and (4) Mayor's review of the recommendations of the City Staff Review Team; and
WHEREAS, after careful consideration, the Mayor has selected the proposal submitted by Oak View Group, LLC as the preferred proposal for the possible redevelopment of KeyArena; and
WHEREAS, Council will retain an independ...

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