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city chose oak view group before rival keyarena bidder withdrew, documents show

city chose oak view group before rival keyarena bidder withdrew, documents show News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



city chose oak view group before rival keyarena bidder withdrew, documents show

documents show the city felt the oak view group proposal had a superior financial and design plan than the seattle partners plan. the documents outlined deficiencies in the sp financial and design plans, especially the group’s $250 million public-bond funding request.four days before a company proposing to renovate keyarena angrily withdrew its offer, documents show a city executive team had already recommended that mayor ed murray accept a $564 million proposal by the rival oak view group (ovg) of los angeles.ovg is to be confirmed at a 2:30 p.m. news conference wednesday at keyarena as the city’s official choice to renovate the 55-year-old sports facility. also expected at an afternoon news conference, at which murray and company ceo tim leiweke are planning to attend, are announcements regarding new equity partners that could impact ovg’s future nhl and nba ambitions. after a memo from the executive team was given to murray on may 31, he met one final time last friday with a 10-member community advisory panel also examining the proposals by ovg and the seattle partners (sp) group. two days later, the sp group withdrew its $521 million renovation proposal and sent a scathing letter to murray criticizing the city’s process as unfair and suggesting it was considering a flawed economic model to get keyarena rebuilt.“late friday is the day i made my final decision, and we would have contacted people on monday to let them know,” murray said in an interview wednesday ...