The developers hope to have the project completed in time for the 2026 World Cup.
The announcement follows the review of an advisory review panel made up of 16 stakeholders including the SPS athletic director, the COO of the Sounders FC, as well as Seattle Center and other school district leaders. The OVG won the bid to tear down KeyArena and build what is now Climate Pledge Arena.
The One Roof Partnership, which is the official name of the organization making the bid, will now enter into discussions with the city and the school district to finalize terms and conditions for the deal. The Seattle Kraken One Roof Foundation has been in place since the inception of the NHL franchise as the philanthropic and community-based arm of the organization. However, One Roof has suggested it could build a $150 million, 10,000-seat stadium on the current Memorial Stadium site.to replace the aging, decrepit stadium while simultaneously preserving a World War II Memorial on the Seattle Center site.
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