The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

This Afternoon

Hi25° Chance Snow Showers

Tonight

Lo27° Chance Snow Showers then Mostly Cloudy

Sunday

Hi35° Slight Chance Snow

Sunday Night

Lo26° Slight Chance Snow

Monday

Hi28° Slight Chance Snow

Monday Night

Lo9° Mostly Cloudy

Tuesday

Hi20° Mostly Sunny

Tuesday Night

Lo4° Mostly Clear

Wednesday

Hi19° Sunny

Wednesday Night

Lo6° Partly Cloudy

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.

That type of investment is against state law.…

View my options or Sign in

 

Look!

We've got special online subscription rates for you.
Get 24-hour access to wenatcheeworld.com AND the Digital Edition. Just $12 for twelve weeks, introductory price. Offer only good until October 31.
SUBSCRIBE NOW
Wenatchee World subscribers:
Digital access is included with your subscription.
Subscriber login