The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Overnight

Lo73° Clear

Friday

Hi99° Hot

Friday Night

Lo68° Clear

Saturday

Hi93° Sunny

Saturday Night

Lo62° Clear and Breezy then Clear

Sunday

Hi85° Sunny

Sunday Night

Lo62° Mostly Clear

Monday

Hi87° Sunny

Monday Night

Lo61° Mostly Clear

Tuesday

Hi78° Sunny

Arena money was improperly invested

Send to Kindle
Print This

WENATCHEE — Nearly $500,000 in sales tax revenues that are being used to pay off the Town Toyota Center’s debt were improperly invested, the state Auditor’s Office has determined.

The audit, released this week, found that the escrow agent hired by the arena to hold about $4 million in a reserve account for paying off the debt inadvertently invested $470,000 in a money market fund that included foreign banks and foreign corporations.

View my options or Sign in