H-2590.1  _______________________________________________

                    SUBSTITUTE HOUSE BILL 2192

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State of Washington      55th Legislature     1997 Regular Session

By House Committee on Trade & Economic Development (originally sponsored by Representatives Van Luven and Wolfe; by request of Governor Locke)

Read first time 03/05/97.

Stating benefits of and setting requirements for a stadium and exhibition center.

    AN ACT Relating to a mechanism for financing stadium and exhibition centers and education technology grants; and creating a new section.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1.  The legislature finds that regional and state economies are enhanced by having facilities to accommodate both sporting events and exhibits.

    The legislature further finds that the direct and indirect economic benefits of professional sports and exhibits generate revenue and jobs to the economy.

    The legislature further finds that a fair, balanced funding partnership between the private sector, the public sector, and the facility users is vital.

    The legislature further finds that any construction of the facility and operation of concessions within the facility shall include thirty-three percent representation of minority-owned businesses.

    The legislature further finds that the developer and master tenant of the facility shall take steps necessary to mitigate the impact of the facility on the surrounding areas.

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