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City approves arena settlement

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WENATCHEE — The Wenatchee City Council unanimously approved a $1 million settlement agreement Thursday with the developers of the Town Toyota Center.

The agreement settles the city’s lawsuit against Global Entertainment of Arizona. The lawsuit alleged that the company fraudulently inflated revenue projections for the arena and negligently operated it once it opened.

The settlement ends the city’s financial battles over the arena.

“I’m sure there was a time a few years ago when none of us thought we’d…

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