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Olympia council approves $20.5 million bond plan to expand Hands On Children’s Museum
Summary
The City Council approved a $20.5 million bond sale using Public Facilities District (PFD) revenues to buy adjacent property and fund an expansion of the Hands On Children’s Museum; council and staff said the project is structured conservatively and the museum board will provide additional financing safeguards.
The Olympia City Council voted to approve a funding strategy and a $20.5 million bond sale to support expansion of the Hands On Children’s Museum, City Manager Jay Bernie and museum CEO Patty Belmonte told council members on June 17.
The council action authorizes using Public Facilities District (PFD) revenues — a state-authorized diversion of 0.33% of state sales tax that can only be used for designated PFD projects — to finance a 30‑year bond. City staff said the bond proceeds will cover property acquisition from the Port of Olympia and core expansion costs while the museum pursues additional private fundraising and grants.
City Manager…
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