Seattle, state look to join King County in multimillion dollar Washington State Convention Center bailout
By David Gutman, The Seattle Times
Published: January 29, 2021, 12:23pm
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The city of Seattle and the state of Washington are looking at joining King County in a possible $300 million bailout of the troubled multibillion dollar Washington State Convention Center expansion.
The $1.9 billion convention center project, begun in 2018, has been in financial disarray for most of the last year, as the COVID-19 pandemic has devastated the hotel tax revenue that funds the project.
The Pine Street Group, the project’s developer, has threatened that construction could shut down this year if a plan isn’t secured to fill the $300 million budget gap, leaving a half-built steel and concrete skeleton in the heart of downtown Seattle.