A public/private partnership will fund the renovations, but Seattle Public Schools will maintain ownership under the term sheet.
SEATTLE — More details about the upcoming renovations of Seattle’s Memorial Stadium were revealed in a term sheet from the parties involved that was reviewed by KING 5.
The term sheet, a collaboration between the City of Seattle, Seattle Public Schools (SPS) and the One Roof Stadium Partnership, lays out the new features of the stadium in the planned construction as well as a timeline and breakdown of where the funding for the project will come from. The One Roof Stadium Partnership consists of the Seattle Kraken, Climate
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