Moody’s Investors Service said Tuesday a new voter-approved sales tax to support a struggling arena that has defaulted on notes is a credit positive for Wenatchee, Wash.

Voter in the counties that make up the Greater Wenatchee Regional Events Center Public Facilities District approved a 0.1% sales tax increase on April 17 that will secure long-term bonds to allow the district to refinance the district’s $42 million of defaulted bond anticipation notes.

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