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Kirkland Council approves Kraken Iceplex and community center agreements with financial guarantees
Summary
The Kirkland City Council unanimously approved Resolution R‑5704 authorizing agreements with Seattle Kraken partners for a privately financed iceplex and a city community center on city land, with an enforceable financial guarantee and annual third‑party verification to limit taxpayer exposure.
The Kirkland City Council on Dec. 9 approved a package of agreements with the Seattle Kraken to develop an iceplex and an adjacent community center on city‑owned land formerly used as the Houghton Park & Ride. City officials framed the deal as a public‑private partnership that preserves city ownership of the land while the private partner builds and initially funds the facilities.
City staff said the land was acquired for $9,000,000, that building costs are estimated at roughly $60 million, and that the Kraken organization will finance construction. “The city of Kirkland owns this land. We bought it for $9,000,000,” the city…
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