Default
The arena went into default in December 2011 and is expected to lose $400,000 in 2012. A state bailout proposed in 2011 would loan WA money to Wenatchee to temporarily bail out the bond payments. The loan would be repaid back with a 0.2% sales tax increase in Wenatchee.
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Famous quotes containing the word default:
“In default of inexhaustible happiness, eternal suffering would at least give us a destiny. But we do not even have that consolation, and our worst agonies come to an end one day.”
—Albert Camus (1913–1960)
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