Month: November 2017

Public Subsidies in the OVG Proposal

The Seattle City Council is currently working to finalize an agreement with Los Angeles based Oak View Group (OVG)¬†regarding their proposal to renovate KeyArena as a sports and concert venue. Their proposal has been promoted as being¬†100% privately financed, but our own financial analysis has identified a taxpayer subsidy of $464,890,000 over the initial 39-year… Read more »