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The structure under construction in 1961. The arena opened in 1962 as the Washington State Pavilion for the Century 21 Exposition, the work of architect Paul Thiry.After the close of the Exposition, the Pavilion was purchased by the city of Seattle for $2.9 million and underwent an 18-month conversion into the Washington State Coliseum, one of the centerpieces of the new Seattle Center on the ...
The PHPDA owns the property and uses long-term tenants with leases. Lease revenues are to advance the PHPDA's mission of providing health care services to low-income uninsured and under-insured persons in King County. The lease agreement with WRC.Com Tower LLC was signed in 1998 and was terminated in 2012. [5]
A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.
The state government and city government also offered to join the loan deal to fill the funding gap. [189] In April 2021, the convention center announced that it had sold $342 million in municipal bonds to private institutions to fund the budget shortfall with approval from the Washington State Treasurer in lieu of public financing.
English: Combines elements of a traditional rental agreement with an exclusive right of first refusal option for later purchase on the home. It is a shortened name for Lease with Option to Purchase Contract.
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