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KING COUNTY COUNCIL LIKELY TO APPROVE M'S STADIUM TODAY
Published October 23, 1995
The "final wrangling" within the Metro King County Council on the funding plan for a new Mariners stadium is over an attempt by Budget Committee Chair Pete von Reichbauer to create a "fiscal oversight committee" that would report to the council on the new Public Facilities District overseeing the project. According to this morning's SEATTLE POST-INTELLIGENCER, that debate is not expected to keep the council from voting to put the stadium plan "into motion." Under the Legislature's plan, the state would contribute $107M of the $320M project, the Mariners $45M, and the county would be granted taxing authority to cover the rest. County officials have questioned whether the funding is adequate for the project, and are concerned that tax revenues may not cover the entire cost (Ed Penhale, SEATTLE POST-INTELLIGENCER, 10/23).