Council places $45 million Tacoma Dome bond issue on ballot

The City Council approved an ordinance July 12 that will place a $45 million Tacoma Dome renovation and improvements bond measure on the Sept. 20, 2005, ballot for the consideration of Tacoma voters. If approved by voters, Proposition 1 would allow the City to issue up to $45 million of general obligation bonds maturing within 25 years to finance renovations and improvements to the Tacoma Dome. The measure would be tax neutral for Tacoma taxpayers, since it would continue the payments at the same level taxpayers have paid for the last 25 years for the original construction of the Tacoma Dome.