In case you missed it, Memorial Stadium is getting a makeover .
A term sheet between the City of Seattle, Seattle Public Schools, and the One Roof Stadium Partnership that was reviewed by our friends at KING 5 provides a look into some of the renovation plans, including next steps + new features to expect upon completion.
New features
- 8,000-person projected capacity
- Covered stands
- Synthetic turf playing field
- All-electric design
- Enhanced, but preserved, Memorial Wall
Funding
According to the term sheet, public funding will be capped at roughly $110 million. Of that, Seattle Public Schools will be responsible for $66.5 million, the City of Seattle will be responsible for $40 million, and the Washington State Department of Commerce will cover the remaining $3.95 million.
The One Roof Partnership — the corporate team behind the Seattle Kraken, Climate Pledge Arena, its philanthropic counterpart One Roof Foundation, and Oak View Group — pledged $5 million and is leading a private fundraising campaign for remaining costs.
Next steps
Next steps come in the spring when the project negotiates and submits implementation agreements to Seattle Public Schools’ Board of Directors + Seattle City Council.