Who Owns Climate Pledge Arena

Who Owns Climate Pledge Arena?

Climate Pledge Arena, formerly known as KeyArena, is a multi-purpose arena located in Seattle, Washington. It is owned by a joint venture between Oak View Group (OVG) and the NHL Seattle Hockey Club. OVG is a sports and entertainment company founded by Tim Leiweke and Irving Azoff, while NHL Seattle Hockey Club is the ownership group of the expansion team Seattle Kraken.

Background

In 2018, OVG was chosen as the arena operator and developer for the revamp of KeyArena. The $900 million renovation project was funded by OVG, NHL Seattle, and the City of Seattle. The arena is set to open in 2021 and will be the home of both the Seattle Kraken and the WNBA’s Seattle Storm.

Climate Pledge Arena

In June 2020, OVG and NHL Seattle announced that the arena would be renamed Climate Pledge Arena in honor of the Climate Pledge, a commitment to achieve net-zero carbon emissions by 2040. The two organizations have committed to making the arena carbon neutral and have invested in green initiatives, such as the use of renewable energy and carbon offsets.

Conclusion

Climate Pledge Arena is owned by a joint venture between Oak View Group and NHL Seattle Hockey Club. The two organizations have committed to making the arena carbon neutral and have invested in green initiatives to help reach that goal. The arena is set to open in 2021 and will be the home of the Seattle Kraken and the WNBA’s Seattle Storm.