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Lynnwood approves Public Facilities District event center expansion, Ring Road design funding and short-term loan backing
Summary
The council approved a development agreement with the Lynnwood Public Facilities District (PFD) for an expanded event center and surrounding master plan, authorized an interlocal agreement to advance 30% design for a Ring Road with partial PFD funding, and adopted a resolution backing a $15 million short-term loan to the PFD; votes were unanimous.
The Lynnwood City Council on Oct. 13 approved a package of actions to advance a planned expansion and redevelopment around the Lynnwood Event Center led by the Lynnwood Public Facilities District (PFD).
Actions included adoption of an ordinance approving a development agreement with the PFD for an expanded event center and master plan; approval of an interlocal agreement with the PFD to fund 30% design of a new Ring Road around the PFD property; and adoption of Resolution 2025-57 authorizing city backing of subordinate PFD notes to support a $15 million short-term loan from Snohomish County to the PFD. Each action passed the council with unanimous recorded votes.
Development agreement: Development and Business Services Director Ben Walters described the agreement as the culmination of more than two years of staff work and public outreach. The…
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