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Sometime between May and August, the City Council is expected to evaluate the Century 21 blueprint, which includes two huge, sports-related question marks: the presumably soon-to-be-Sonics-less KeyArena, and the decrepit Memorial Stadium (built in 1948 on land the city deeded to Seattle Public Schools for a pittance and now wants back). The Key is about to lose all its Sonics-related revenue; and even at Bumbershoot, when concertgoers fill Memorial Stadium, all the revenue is split between event organizer One Reel and SPS, which also pays for the upkeep (such as it is).
"It's a wash," says interim Seattle Center spokesperson Deborah Daoust. "Seattle Center doesn't have any expenses associated with the stadium, and doesn't receive any revenue at all." In the future, subject to city-SPS negotiation and pending approval of the Century 21 plan that would build a new multi-use stadium on top of an underground parking garage, Daoust adds that the city "would love to rent [the redesigned stadium] out for concerts."
In the '80s, the notion that Seattle Center might actually pay for itself resulted in a thoroughly commercial, roundly reviled plan from Disney to turn it into a theme park. Today, it's expected to operate with some small subsidy from the city. But $676 million in new spending when we still owe $26.5 million from the city's share of the 1995 KeyArena makeover? No wonder the friendly fish-throwers at the market look more attractive.