SEC to question official over Wenatchee arena debt

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Associated Press

Posted on February 17, 2013 at 10:32 AM

WENATCHEE, Wash. (AP) — The U.S. Securities and Exchange Commission wants to question a former Wenatchee city official over the city's handling of financing for an events arena.

Wenatchee Mayor Frank Kuntz says the interview is tentatively scheduled for mid-March. The former city employee was not identified.

The Wenatchee World reports (http://is.gd/ovlYkq) that the SEC's formal investigation into the 2008 arena financing began in late last December when the regulatory agency took testimony from a member of the city's staff. That staff member was not identified.

In late 2011, the Greater Wenatchee Regional Events Center Public Facilities District defaulted on nearly $42 million in debt, tied to the 2008 construction of the publicly-owned Town Toyota Center.

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Information from: The Wenatchee World, http://www.wenatcheeworld.com

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