- Associated Press - Friday, January 23, 2015

SEATTLE (AP) - Fifteen years after the Kingdome was demolished in a controlled explosion, King County is paying off the money it borrowed to make emergency repairs in 1994 to falling ceiling tiles.

County finance director Dwight Dively tells KING (https://kng5.tv/1xKl9N5 ) the bonds will be paid off in March - a littler early thanks to healthy hotel-motel tax revenue due in part to the boost from Seahawks playoff games.

After the debt is paid, the rest of the tax revenue this year - about $15 million - will go to 4Culture, the county arts and cultural agency.

Starting next year the tax stream will be used to pay off bonds for CenturyLink Field, which was built in Seattle where the Kingdome stood until 2000.


Information from: KING-TV, https://www.king5.com/

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide