The city of Wenatchee is seeking $42 million from the state of Washington to avoid defaulting on bonds used to build Town Toyota Center. The 4,300-seat arena and events facility is home to the Wenatchee Wild (NAHL) and other events. It was built by Global Entertainment and sold to a city arena authority for $52.4 […]
Tag Archives | bonds
Goldwater Institute: We still oppose Coyotes lease
Arena-management fees and a financing plan for Matthew Hulsizer to buy the Phoenix Coyotes from the NHL are still under debate in Glendale, as reps from the Goldwater Institute continue their fight to scuttle the deal in the name of fiscal responsibility. The deal, which calls for Glendale to pay Hulsizer $97 million to manage […]
Kings relo app deadline pushed back to May 2
{jathumbnail off} The inevitable move of the Sacramento Kings (NBA) to Anaheim became a little less inevitable over the weekend when the NBA allowed a delay of the deadline for the Maloofs to submit a relocation application after Ron Burkle offered to buy the team and keep it in a new Sacramento arena. It’s certainly […]
Anaheim to discuss aid for Kings; Maloofs shoot down Arco refurb
A move by the Sacramento Kings (NBA) to Anaheim is closer to reality, as the Anaheim City Council will consider a plan to issue $75 million in bonds to help the team move; meanwhile, the Maloofs rejected the latest plan to renovate Arco Arena. The plan before the council tomorrow would devote $25 million toward […]
Dallas to pay off American Airlines Center bonds early
Thanks to tax revenues that exceeded expectations, the city of Dallas will be retiring debt on American Airlines Center more than 15 years early. The debt — some $140 million, issued in 1998 — was scheduled to be paid off in 2027. However, tax revenue from hotel and car-rental taxes flowed in at a much […]
