The suspect in a destructive dry storage boat rack fire who allegedly caused an estimated $8.5 million in damages was charged with arson in the first degree on Friday Arthur Arakelov is being held on $100,000 bail in King County Jail. The King County Prosecuting Attorney's Office argued bail be set at $750,000. In the morning hours of Wednesday, March 22, Arakelov climbed onto the third or fourth story of a dry storage boat rack where he started a fire with a "torch style lighter," according to charging documents. Read more: https://www.king5.com/article/news/crime/lake-union-boat-fire-arson-charge/281-54f40109-5732-46f1-8c01-3db27ffec34c