Public-private partnership sought to build new stadium in Seattle Center
(The Center Square) – The City of Seattle and Seattle Public Schools are seeking a private investor to join a public-private partnership to replace...
(The Center Square) – The City of Seattle and Seattle Public Schools are seeking a private investor to join a public-private partnership to replace the current Memorial Stadium in the Seattle Center. The city and Seattle Public Schools jointly issued a Request for Proposals in March 2023 that sought a private partner to fund, redevelop, operate and maintain the project with the two entities. Public funding for the new stadium has already been approved. This includes $66.5 million of voter-approved funds from Seattle Public Schools' 2022 Buildings, Technology and Academics/Athletics Capital Levy, $21 million approved in the city's 2023-28 Capital Improvement Plan, and $4 million approved in the Washington state 2023 capital budget, according to Resolution 32092.