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More on the Slow Motion Default in Wenatchee
In December we passed a bill out of Ways and Means, and then the House, but not the Senate that would have allowed Wenatchee to solve its own problems about financing their money-hemorrhaging arena, the Town Toyota Center. The region has continued to work on a mutually agreeable solution and a Senate bill embodying the…
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Slow-Motion Default in Wenatchee
I’m disappointed that the Legislature failed to address the slow-motion financial default in progress in Wenatchee. 7 cities and 2 counties got together and agreed to build an arena in Wenatchee. They used a stream of money from the state plus the expected “operating profits” from the arena to get a construction loan in 2008,…