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Final Finance Vote for $120M Convention Center Nears

TACOMA, WA-At its May 21 meeting, the Tacoma City Council will consider an ordinance that would incorporate final terms and conditions into the Greater Tacoma Convention Center financing plan, which was approved in concept last summer.

By Gina Binole | Updated on May 17, 2002

TACOMA, WA-The City Council next week will consider an ordinance that would incorporate final details of the terms and conditions of the $120.7 million Greater Tacoma Convention Center financing plan that was approved in concept last summer.

The commercial paper notes would retire $40 million of short-term notes issued through Banc of America Securities that served as a line of credit the used to pay project costs. The second funding phase will retire all of the original notes and provide construction financing.

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