The Seattle City Council approved an interfund loan of $9.3 million for the Memorial Stadium redevelopment project. This project will replace the 77-year-old stadium with a modern multipurpose facility for sports, education, and entertainment, integrated into Seattle Center with new public spaces and campus connections. The funding will act as bridge financing, to be repaid by 2026 from future LTGO bonds. The City collaborates with Seattle Public Schools and the One Roof Stadium Partnership to complete the redevelopment.
This decision enables the revitalization of a historic student-centered stadium, ensuring it meets modern needs while enhancing community engagement and public spaces. It also strengthens public-private partnerships for major infrastructure projects.