Seattle property owners would pay an additional $2 to $3 a year in property taxes for the new sports arena proposed for Sodo, because as a publicly owned facility the site would be removed from the property-tax rolls.
Deputy budget director Hall Walker acknowledged that city homeowners would pay slightly more in property taxes. But he said additional arena revenue, such as sales and admissions taxes, might return benefits to the city in the form of more money for schools, criminal justice, mental health, emergency-medical services and other programs funded in part through sales taxes.
Read more at The Seattle Times
Copyright:The Seattle Times