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February 18, 2021
Climate Pledge Arena, with its landmarked Paul Thiry roof, recently topped out; and the new green signage has been installed via helicopter on the iconic roof. Separate from those announcements by contractor Mortenson and owner/developer Oak View Group, Bank of America recently disclosed its nearly $100 million contribution to the privately funded, roughly $1 billion project. That came via BoA's Community Development Banking arm and Federal Historic Tax Credits. The bank said that, on a national level, its CDB arm last year provided nearly $5.9 billion in loans, tax credit equity investments and other real estate development solutions. That compares to about $4.9 billion in 2019. Notably, as part of 2020's total, BoA says that it provided over $359 million to help fund more than 640 units of affordable housing in Seattle. (Individual projects weren't named.) Meanwhile, the over 17,000-seat, carbon-neutral CPA is expected to open late this year.