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Group seeks $28M in limited-tax bonds to finish Spokane Valley performing arts center
Summary
Spokane Valley Performing Arts Center leaders asked council for city support to issue about $28 million in limited-tax general obligation bonds to complete a new performing arts center, saying net revenues would secure bond repayment and that the project has raised $18.3 million in private funds.
Representatives of the Spokane Valley Performing Arts Center asked the City Council on March 3 to support issuing roughly $28 million in limited‑tax general obligation bonds to finish the Idaho Central Spokane Valley Performing Arts Center.
Yvonne Johnson, founder and executive artistic director of Spokane Valley Performing Arts Center, told the council the municipal bond approach would not cost city taxpayers…
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