SEATTLE — A proposal to remodel KeyArena now has an ambitious timeline that could have it ready to house a professional franchise within three years.
The timeline was laid out in a proposed memorandum of understanding between Seattle and Oak View Group. The MOU will be presented to the Seattle City Council on Tuesday but the final version of the agreement won’t be voted on until the first week of December at the earliest.
Still, the draft agreement is a significant step in the process of redeveloping the city-owned building through a privately financed project that officials believe will finally lure the NHL or NBA — or both — to Seattle.