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Seattle set to apply for National Hockey League expansion team
09 December 2017, 10:42 | Melanie Burgess
Durkan signs deal for KeyArena plan
The ability for the ceiling to rise by a minimum of $3 million is due to another increase in league revenues, which Bettman said is projected to hit around $4.85 billion this season, while hockey-related revenues are expected to reach $4.54 billion, an increase of 8.2 percent. But that doesn't mean there is a lack of speculative alternatives on the table.
The process will be similar to Las Vegas relocation.
OVG CEO Tim Leiweke going as far as asking Seattle to hold him accountable.
The City of Seattle, which earlier this week agreed to let the Tim Leiweke-led Oak View Group inject $660 million into renovations at KeyArena to bring up to National Hockey League and NBA standards, must wait until 2020 for the conclusion of construction.
Bonderman and Bruckheimer are partnered with the Oak View Group (OVG), which this week finalized a deal with the City of Seattle for a $600 million renovation of KeyArena.
"If Seattle submits an expansion application and is approved by the board, then you have your other team in the West and you've solved your balance issue".
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"We're a little familiar with the city, but the level of due diligence that we will do is something the expansion process contemplates", he said. In December 2014, owner Bill Foley was granted permission to conduct a season ticket drive for a Vegas team, but the League didn't announce it would start taking applications until June 2015.
"I'm hoping to meet with or speak with Mr. Bonderman soon as well as having constant communication with Mr. Leiweke", Durkan said.
"I think we'll see the launch after the first of the year because it's not the time right now to be launching that kind of campaign".
"I don't have all of those in front of me, but we'll get them".
"It was a unanimous vote and we think we're going to be bringing hockey back to Seattle", Seattle Mayor Jenny Durkan said to applause at a news conference at City Hall later. "Obviously we have to get the arena in place". We keep the arena on track. He made the announcement after the first day of the Board of Governors meeting. We'll be working together closely. I'd handicap the odds of Seattle landing a team at very, very high.
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