A rendering of OVG's renovated KeyArena, Seattle, which cleared a giant hurdle and received city council approval of its MOU this week.

The Seattle City Council approved the memorandum of understanding (MOU) between the city and Oak View Group (OVG) to renovate KeyArena, Dec.4, by a vote of 7-1, with one absent voter. The new mayor, Jenny Durkin, and OVG Co-Founder and CEO Tim Leiweke, signed the MOU on Dec. 6, pushing the promise of implementation of the $660-million project furthe...

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