The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi89° Sunny

Tonight

Lo63° Clear

Sunday

Hi94° Sunny

Sunday Night

Lo69° Mostly Clear

Monday

Hi98° Hot

Monday Night

Lo66° Clear

Tuesday

Hi100° Hot

Tuesday Night

Lo65° Clear

Wednesday

Hi101° Hot

Wednesday Night

Lo71° Mostly Clear

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 optionsorSign in