Six construction cranes, working on the same single massive structure (the Washington State Convention Center Addition), all at the same time. pic.twitter.com/k2ds4vOQjq
— It's Matthew (@fcakenterprises) November 8, 2019
Lying across I-5 from Capitol Hill, the massive hole filing quickly with steel girders where the state’s downtown convention center expansion is rising might also need to suck up new financing and federal assistance.
Saying the project is now “at risk,” officials are scheduled to hold a Friday morning press conference about the COVID-19 crisis snuffing out key funding for the massive project and new efforts “fighting for critical federal support to find new financing to keep the $1.8 billion WSCC Addition project under construction.”
“The coronavirus pandemic has resulted in plummeting lodging tax revenues, which support the bond funding that pays for the project,” an announcement of the Friday conference reads. “A long-planned second round of bond financing is required but is lacking sufficient tax revenue to support it.” Continue reading