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Still Hope for Town Toyota Center Debt

December 05, 2011

    The Town Toyota Center debt of $42

million is now in default, as Thursday’s payment deadline passed without a bailout loan from the state

legislature. There is widespread concern that default could have sweeping negative ramifications across the state.

    Yet there is still some hope. It appears lawmakers could still pass a bill early this

week that would loan money to the Greater Wenatchee Area Public Facilities District to payoff the debt.

/>    But is it too late for a bailout loan bill? To find out, Isaac Kaplan-Woolner called the

PFD’s attorney on Friday. Fraley said it appears bond holders are willing to wait a few more days to see

what lawmakers will do.