In recent days, we’ve been reading some pessimistic reports about the future of KeyArena. It’s dismaying indeed to read these pieces, as it is far too early to fear for Seattle Center’s future. To paraphrase the late, great Mark Twain, accounts of KeyArena’s death are premature.
In recent years, KeyArena has turned a profit – not a large one – but a profit. And the facility is helping with Seattle Center’s finances. In fact, as the Center is presently structured, the facility’s health is vital to keeping Seattle Center, often referred to as “Seattle’s living room,” closer to the bottom line.
The Center’s annual budget ($34.5 million in 2012) is partly financed by the city’s general fund. In recent years, the Center … Continue Reading »