The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo27° Mostly Clear

Tuesday

Hi45° Sunny

Tuesday Night

Lo20° Mostly Clear

Wednesday

Hi50° Sunny

Wednesday Night

Lo29° Mostly Clear

Thursday

Hi54° Mostly Sunny

Thursday Night

Lo34° Partly Cloudy

Friday

Hi59° Mostly Sunny

Friday Night

Lo36° Partly Cloudy

Saturday

Hi60° 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