SEATTLE – Fifteen years to the day the Kingdome was imploded, King County says it has collected enough money to finally pay off the old stadium.
Back in 1994, tiles fell from building's roof, prompting an emergency closure and multimillion dollar fix. It was financed on a 20-year debt payment structure and was set to expire at the end of 2015.
King County Budget Director Dwight Dively confirmed Wednesday the county has collected enough money through hotel and motel taxes to pay off the debt nine months early.
It's not a done deal just yet. The money to pay off the bonds will be held in escrow until the end of the year. Any excess money collected from now until Dec. 31 will go to 4Culture. It's an organization which helps arts, heritage, preservation and cultural programs.
The Kingdome was imploded on March 26, 2000.
KING 5's Chris Daniels contributed to this report
