Producer Jerry Bruckheimer to join KeyArena renovation group

Hollywood film producer Jerry Bruckheimer and billionaire investment banker David Bonderman are joining the Oak View Group’s efforts to renovate KeyArena for NBA and NHL use.

The addition of Bonderman and Bruckheimer, to be announced at a news conference at 2:30 p.m. Wednesday at KeyArena, provides the strongest signal yet that OVG intends to bring an NHL team to Seattle near-term and an NBA team further down the road. Bonderman has been a minority owner of the Boston Celtics for more than a decade, and Bruckheimer is a close acquaintance of NHL commissioner Gary Bettman and has long expressed a desire to become a franchise owner.

“These are the real deal,” OVG chairman Tim Leiweke said in an interview. “And they will join us and help us in pursuing an NHL and an NBA franchise.”

Leiweke repeated his long-held stance of not wanting “to get ahead of league commissioners” until they are ready to offer up teams. But he said the presence of Bonderman and Bruckheimer as “equal partners” in OVG’s renovation effort will leave his group positioned to take advantage of any new opportunities.

The NBA is believed to be five to 10 years from expansion. But the NHL, which will launch a new Las Vegas franchise this fall, has an imbalance between its Eastern and Western conferences and could even things out by adding a Seattle franchise in the near term.

Bonderman, 74, is a former University of Washington graduate and longtime friend of Mariners owner John Stanton. He is the chairman of buyout firm TPG Capital and is listed by Forbes as having a net worth of $2.5 billion. Representatives of the Mariners, Seahawks and Sounders are expected to attend Wednesday’s news conference.

Bruckheimer, 73, has an estimated net worth of $900 million, according to Forbes in 2015. He has produced blockbuster films such as Top Gun, Beverly Hills Cop, Flashdance and Pirates of the Caribbean.

Just Posted

Accused murderer tells all to Mr. Big undercover officer

Joshua Frank tells undercover police officer he shot the Klaus family

Central Alberta Child Advocacy Centre prepares to open

Non-profit will run the facility and agencies will provide staff

A slow economic recovery isn’t yet loosening Central Alberta’s tight job market

Job-seekers at Red Deer fair say there are still few openings

Rocky Mountain House man arrested for child luring

A 30-year-old Rocky Mountain House man was arrested after allegedly having explicit… Continue reading

Parkinson association will close offices but maintain services

Offices closing in Red Deer, Medicine Hat and Lethbridge

WATCH: Central Middle School students’ Christmas tree

A group of Central Middle School students are set to show off… Continue reading

Red Deerian honours her brother who died in a motorcycle collision

Houaida Haddad is encouraging Red Deer residents to donate blood

Red Deer County firefighters to be recognized for Waterton help

RCMP brass will give formal recognition Monday

Ron James tries to lighten humanity’s load through humour

The comedian returns to Red Deer for shows Dec. 1 and 2

100+ Women Red Deer donate to Christmas Bureau

About $14,000 will help with Christmas hampers and toys

Semi collides with vehicle on Highway 2 north of Ponoka

Members of the Ponoka Integrated Traffic Unit dealt with a call on Highway 2 north of Ponoka

After 70 years, Red Deer veteran still remembers his traumatic war experience

Frank Krepps feels lucky to have survived the Second World War

Merritt Mountie charged with assault

Charges are in relation to an incident in May at the detachment, B.C. Prosecution Service said

Blackfalds RCMP arrest “armed and dangerous” man

A 38-year-old man, who police identified as armed and dangerous, was arrested… Continue reading

Most Read

Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month