01-11-2013, 08:15 PM
M A V I C wrote:
[quote=Lemon Drop]
That's not exactly what happened MAVIC. It was the state legislature that stepped in and approved the funding after the county council's measure was narrowly defeated. The cost of Safeco was originally estimated at $350 million, and the owners put up $150 million or so.
October 14, 1995 - A special session of the state legislature authorizes a different funding package for a new stadium that includes a food and beverage tax in King County restaurants and bars, car rental surcharge in King County, a ballpark admissions tax, a credit against the state sales tax, and sale of a special stadium license plate.
http://seattle.mariners.mlb.com/sea/ball...nt=history
You missed the bit right after that:
October 23, 1995 - King County Council approves the funding package and establishes the Washington State Major League Baseball Stadium Public Facilities District to own the ballpark and oversee design and construction.
The council can only approve things of $100M or less, like I said. That's all they approved.
Eh, no. Here's the actual approved deal, dollar amounts included. This is really easy to google you know.
http://www.leg.wa.gov/JointCommittees/LF...-01MLB.pdf
Total deal approved by the King county council: $517 million
county bonds to be used: $336 million