SEATTLE (AP) — King County taxpayers have spent years paying off the debt on a stadium that was imploded 15 years ago. But no more.
On Thursday’s 15th anniversary of the day the Kingdome was blown up, a county official says sufficient lodging-tax revenue has been collected to pay off the debt on the former home of the Mariners and Seahawks.
The Seattle Times reports (http://is.gd/m9jpng ) that county budget director Dwight Dively says the nearly $19 million still owed in principal plus interest on municipal bonds issued to repair the stadium’s roof can’t technically be paid in full until year’s end. So the money will be put in an escrow account until then.
The roof repair bonds were issued back in the mid-1990s.
The Kingdome’s implosion on March 26, 2000, came about 24 years after it opened.
The teams now play in nearby Safeco Field and CenturyLink Field.
