Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
County committee approves $2.4 million increase to Pacific Science Center loan
Summary
The Budget and Fiscal Management Committee voted unanimously Sept. 10 to recommend an ordinance that adds $2.4 million to an existing King County loan to the Pacific Science Center, increasing the total loan to $14 million. The loan is backed by deferred local sales and use tax revenues tied to Climate Pledge Arena construction.
The King County Council’s Budget and Fiscal Management Committee on Sept. 10 voted 7-0 to forward to the full council an ordinance that would add $2.4 million to an existing loan from King County to the Pacific Science Center Foundation, bringing the total loan amount to $14 million. The committee meeting took place at the King County Courthouse and online.
Committee staff said the loan is secured by future deferred local sales-and-use-tax repayments tied to the construction of Climate Pledge Arena and its practice facility in Northgate. April Sanders, council policy staff, summarized the file and said state law directed half of the repayment of deferred local sales-and-use taxes to the Pacific Science…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
