July 12, 2011
The city of Wenatchee and the Regional Public Facilities District are holding their breath, awaiting a court decision which would allow the city to pay off the Town Toyota Center’s construction bonds.
Up to $3 million dollars in debt payments is on the line in the so-called contingent loan agreement, and at this point a potentially unpopular sales tax is the only plan B being discussed.
KOHO’s Isaac Kaplan-Woolner stopped by Dennis Johnson’s office to get the Wenatchee Mayor’s thoughts on the future of the Town Toyota Center, and how that $42 million construction debt will get paid. When it comes to that all-important court ruling on the contingent loan agreement, which would allow the city to take on the TTC’s debt payments, Johnson said he expects a decision in September.
Johnson is not seeking re-election in November, but he said he is committed to not having a lame-duck term. And he noted that ultimately, decisions over the Town Toyota Center debt lie very much with city council.