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PFD To Get Facelift Before Dirty Work Begins 5/17/2012
The Greater Wenatchee Public Facilities District is in for some drastic changes over the next month as entities that make up the district appoint representatives to form a new board.
Then the work begins to figure out a plan to pay off the TownToyotaCenter’s nearly $42 million debt.
Last week, the Wenatchee City Council voted unanimously to decline a nearly $1 million interest payment on the arena- due June 1- forcing the soon to be re-organized public facilities district board to come up with a compensation plan that will cover that payment.
Entiat Mayor, Keith Vradenburg, tells KOZI News that each entity will select a representative by next month.
The newly formed board will be charged with configuring a final plan to use the 1 tenth of 1 percent sales tax increase approved by voters across much of Chelan and Douglas Counties, as well as the 2 tenths of 1 percent sales tax increase the City of Wenatchee imposed without voter approval to pay off the arena’s outstanding debt.
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