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The City Council is considering a proposal negotiated by the Mayor, the King County Executive and a private investor named Chris Hansen to construct a multi-purpose sports and entertainment arena in SODO. The proposal stipulates the City finance the arena by issuing bonds of up to $120 million in addition to bonds issued by the County for up to $80 million.
The City Council's Government Performance and Finance Committee started its review in May and will continue through the summer according to this tentative schedule.
The proposed legislation to be considered by City Council consists of two major components:
- A memorandum of understanding between the City, County and Mr. Hansen
- An interlocal agreement between the City and County
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The documents below include technical changes and minor adjustments developed by the City and County Councils and introduced on October 8 for a final vote on October 15 (with changes tracked from the version passed by the City Council on September 24):
- Memorandum of Understanding
- Interlocal Agreement
The documents below were approved by the Full Council on September 24 (with changes tracked from the version passed out of committee):
- Ordinance
- Memorandum of Understanding
- Interlocal Agreement
Council Press Conference, 9/11/2012
On Tuesday, September 11, Councilmembers Clark, Burgess and O'Brien announced a negotiated agreement that protects the public's investment in this project and preserves family-wage jobs. The amended legislation was voted out of the Government Performance and Finance Committee on September 13.
Documents considered by the Council
and videos of the Council's discussions
September 13, 2012
Council Bill 117480 version 2 passed Committee 7-0 (with one abstention)
July 30, 2012
July 19, 2012
July 18, 2012
July 5, 2012
June 29, 2012
June 20, 2012
June 7, 2012
June 6, 2012
May 31, 2012
Arena legislation review schedule
Thursday, May 31, 9:30 a.m. |
Mayor's staff presents proposal overview |
Wednesday, June 6, 11 a.m. |
Mayor's staff presents financial aspects of proposal |
Thursday, June 7, 2 p.m. |
Mayor's staff presents transportation plan and future of KeyArena, followed by a panel discussion with Port, labor and industry representatives |
Wednesday, June 20, 9:30 a.m. |
Presentation by Mayoral staff on KeyArena followed by discussion with Chris Hansen |
Friday, June 29, 9:30 a.m. |
Presentation by Mayoral staff on Initiative 91 |
Thursday, July 5, 2 p.m. |
Committee deliberations |
Wednesday, July 18, 9:30 a.m. |
Committee deliberations |
Thursday, July 19, 5:30 p.m. |
Public hearing |
Wednesday, August 15, 9:30 a.m. |
Potential Committee deliberations, pending ongoing negotiations |
Thursday, September 13, 2 p.m.
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Committee deliberations and possible vote |
Monday, September 24, 2 p.m.
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Full Council consideration and vote |
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Seattle City Hall