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TTC - Commissioners Commend Ken Martin 3/29/2011
TTC – Commissioners Commend Ken Martin Commissioners in Chelan and Douglas County support a call by a local business leader for the City of Wenatchee to own up to its financial responsibility and promise to pay off the 41 million dollar debt at the Town Toyota Center.

In a recent Wenatchee World interview, Cashmere Valley Bank president, Ken Martin said he believes the City should be taking a more active role in refinancing the arena’s debt and should not press other PFD member jurisdictions to increase sales taxes for that purpose.

The Public Facilities District Board has voted to issue bonds which would require the City to guarantee payment of the debt. Martin said it would immoral for the City not to keep its promise to help pay off the loan.