bellevue

2018 groundbreaking for the Ford Ice Center at One Bellevue Place

The Metro government is not collecting enough property tax revenue to pay off debt related to the 2015 tax-increment financing deal that led to the development of mixed-use center One Bellevue Place.

Metro is not on the hook for the difference, but the under-collection could lengthen the time it takes to retire the debt. As part of the TIF deal, Metro diverts additional property tax revenues from the project for debt payments.

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