Who owns safeco field

Under state law authorizing the lodging tax, at least 37 percent must go to cultural organizations, at least King County Executive Dow Constantine has proposed In total, under the term sheet the funds devoted to necessary capital expenditures include:. Also, only 15 percent of the lodging tax revenues would be going to Safeco Field under the proposal, while There are equally good questions to be pondered as to whether the county should be spending money on a sports stadium when faced with a housing a homelessness crisis.

Whether taxpayers should have funded Safeco Field in the first place is water under the bridge; they did, and they own it now. There is certainly a moral argument to be made that relieving the human suffering happening on our streets must be the first priority for public funds, and equally an argument that public funds need to support a diverse set of investments that make King County a great place to live and work: streets, parks, sewers, water and electrical infrastructure, police and fire departments, transit, human services, community centers, libraries… and perhaps arenas and stadiums.

The business group weighs in on recently introduced state legislation that would authorize King County to tax large companies with highly paid workers. The former Tacoma mayor is making a bid for the U. House seat being vacated by retiring Democratic Rep.

Denny Heck. The King County Council is considering a proposal to direct tax revenue to expenditures at Safeco Field, enraging some who think the money should be spent on affordable housing. Kevin Schofield. Regardless of what the fund balance is, the Mariners are required to complete all necessary capital improvements to meet the standard and if doing so exhausts the capital expenditure fund, then the team must pay the rest of the costs itself.

So where does that leave us? The King County Council will continue to debate the topic before taking a vote in late August. Related Content. Washington Gov. Coronavirus , Small Businesses , Health care. Crime , Downtown Seattle. Homelessness , Business Taxes. T-Mobile, which has about 8, employees at its Bellevue headquarters, announced a plan to merge with competitor Sprint this year.

The naming-rights agreement with Safeco ended after the season. The insurance company in elected not to renew its agreement with the Mariners. The Safeco Field sign on the outside of the retractable roof and other signage in the stadium recently was removed.

Sources indicate that it will be visible only at night. The company has its roots in VoiceStream, a company started in Bellevue in by Stanton, who was an influential McCaw Cellular executive. T-Mobile has more than 77 million U. The poll has expired. Thank you for your submissions. Share story.