Seattle Out and Proud, producers of the annual gay-pride parade, have agreed to pay the city periodically through 2014 to resolve a massive debt the group generated in 2006, according to a settlement agreement the parties entered into King County Superior Court earlier this week.
The city had sued Seattle Out and Proud (SOaP) in March for an outstanding $124,801 obligation, the combination of rental fees for the Seattle Center for a post-parade rally and the interest generated from lack of payments.
Under the terms of the deal, SOaP must pay the city on September 1 of each year. The group must put down $10,000 this year and $15,000 for each of the following five years (plus an extra $507 to settle the balance in 2014).
If SOaP meets those terms, the city will waive $42,564 in interest.
But, the settlement stipulates, if SOaP misses any of the payments, the interest for the entire amount will be due (plus any more accrued interest). The city may also file a lawsuit to collect the total debt.
It remains to be seen if SOaP can, in fact, raise that sort of money. In the three years since the group generated its debt to the city, it has paid only $10,400, the settlement says. In March, SOaP president Eric Albert-Gauthier said that producing the gay pride parade costs about $30,000 to $40,000 a year.
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2006 was the first year the pride parade moved off Capitol Hill and into downtown, where the group chose to hold a post-parade festival at Seattle Center, which, unlike the event's previous home of Volunteer Park, charges steep rental and labor fees. A private firm—not SOaP—now rents Seattle Center for the post-parade soiree. Albert-Gauthier says the gay pride parade costs between $30,000 to $40,000 a year, and it has remained in the black for in the last two years.
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