Safeco Field bonds could be paid off four years early

[Seattle1]

http://sports.espn.go.com/mlb/news/story?id=2481911

Safeco Field bonds could be paid off four years early

Associated Press

SEATTLE -- Because of King County's thriving restaurant business, the bonds that helped pay for Safeco Field could be paid off four years earlier than expected.

When the home of the Seattle Mariners was built in 1999 at a cost of $517.6 million, bonds worth $325 million were earmarked for the project -- paid with a combination of taxes to be collected through 2016.

But King County finance director Bob Cowan told The Seattle Times that he's certain that the Safeco Field bonds will be paid off by 2013.

"If people are dining out more these days, we get that half a percent tacked onto the food and beverage tax," Cowan said. "Restaurants are booming in King County, and that's helping."


:clapping

[Rennie Stennett]

http://sports.espn.go.com/mlb/news/story?id=2481911

Safeco Field bonds could be paid off four years early

Associated Press

SEATTLE -- Because of King County's thriving restaurant business, the bonds that helped pay for Safeco Field could be paid off four years earlier than expected.

When the home of the Seattle Mariners was built in 1999 at a cost of $517.6 million, bonds worth $325 million were earmarked for the project -- paid with a combination of taxes to be collected through 2016.

But King County finance director Bob Cowan told The Seattle Times that he's certain that the Safeco Field bonds will be paid off by 2013.

"If people are dining out more these days, we get that half a percent tacked onto the food and beverage tax," Cowan said. "Restaurants are booming in King County, and that's helping."


:clappingAlso, during these warm summer months and into early fall which is traditionally the nicest time of the year in Seattle, many visitors and conventioneers from afar dine on local fare. It's nice to know that people from outside of Seattle are paying for the stadium. :coffee