The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo61° Partly Cloudy and Breezy then Partly Cloudy

Sunday

Hi83° Mostly Sunny

Sunday Night

Lo63° Mostly Clear

Monday

Hi89° Sunny

Monday Night

Lo62° Mostly Clear

Tuesday

Hi82° Sunny

Tuesday Night

Lo59° Partly Cloudy

Wednesday

Hi78° Mostly Sunny

Wednesday Night

Lo58° Partly Cloudy

Thursday

Hi76° Mostly 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