The cost of constructing Seattle’s NHL arena is now estimated to be $850m (€750m) – $50m more than was projected on Tuesday when the city was granted an expansion team.
Redeveloping the stadium – temporarily called the Seattle Center Arena until naming rights are sold – is expected to start almost immediately following a ceremonial event on Wednesday.
The aim is to have the building open by March or April 2021 so that the WNBA Seattle Storm can play the 2021 season there, and other events can be scheduled to start recouping the investment on the project.
The team also intends to have its expansion draft in the new arena in the summer of 2021.
The total cost of the investment – arena, expansion fee, practice facility and other costs – could end up being approximately $2bn.