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Latest News

Executive pay takes a hit

Average compensation fell some in 2000; woman is top earner on list for first time
February 26, 1997
Paul Read
The economic slowdown is already hitting executives where it really hurtsin their own wallets.For the first time since 1996, executives of publicly traded companies in Spokane and North Idaho, on average, saw their paychecks shrink last year,
Read More

Third airport runway by 2022

Updated SIA master plan also includes extended main runway, new terminal
February 26, 1997
Rob Strenge
Those distant future plans for a third runway at Spokane International Airport arent so distant anymore. A draft of the airports newest master plan calls for building it as early as 2011less than 10 years from nowand by 2022 at the runway,
Read More

CdÂ’A Mines broadens Bolivian land interests

Coeur dÂ’Alene company acquires rights to area near proposed silver mine
February 26, 1997
Richard Ripley
Coeur dAlene Mines Corp. says it has acquired exploration and mining rights to a large area adjacent to a property in Bolivia where its evaluating building a silver mine.The Coeur dAlene-based company announced in its second-quarter report
Read More

Applebee’s may open new restaurant at ‘Y’

Franchisee seeking location in north Spokane to lease land for third restaurant
February 26, 1997
Adrienne C. Dellwo
The franchisee for Applebees Neighborhood Grill restaurants in a territory that includes Spokane is seeking land near the North Division Y for its third Applebees restaurant here.The Atlanta-based Restaurant Concepts wants to lease land
Read More

Safeco will cut 65 jobs in Spokane

Two departments are being eliminated from local office, but a third will grow slightly
February 26, 1997
Adrienne C. Dellwo
Seattle-based Safeco Corp. says it plans to cut a net of 65 jobs in Spokane as part of a companywide restructuring. Returning to profitability is the main objective, says Dan Antonietti, assistant vice president of human resources in Spokane
Read More

Medinex trims losses, announces sale of unit

Second-quarter report reiterates doubts about Internet companyÂ’s future
February 26, 1997
Addy Hatch
Medinex Systems Inc., an Internet company that recently moved to Coeur dAlene from Post Falls, has announced a second-quarter net loss of $1.4 million, or 12 cents a share, an improvement over the $7.2 million loss it posted in the year-earlier a
Read More

Texan buys Old City Hall for $7 million

After vacant space is filled, downtown property sells for above the asking price
February 26, 1997
Linn Parish
After a brief bidding war, Texas real estate investor James F. Cotter has bought the Old City Hall building in downtown Spokane for $7 million, or $115,000 more than the asking price.Dave Black, CEO of Spokane-based Tomlinson Black Commercial it
Read More

Metropolitan Mortgage returns to profitability

Company still shows loss from operations, but uses tax benefit to record gain
February 26, 1997
Kim Crompton
Metropolitan Mortgage & Securities Co., of Spokane, has returned to profitabilityat least on paperfollowing a business downturn that led to several consecutive quarters of financial losses, extensive job cuts, other cost-slashing measures, and
Read More

East Coast biotechnology startup likely headed here

Manufacturer of equipment for pharmaceutical industry hopes to employ 50 in 2002
February 26, 1997
Paul Read
A young, Pennsylvania-based biotechnology company named MatriCal Inc. says it has all but decided to move to Spokane, probably by the end of this year.The company, which is located just outside of Philadelphia but also has small manufacturing in
Read More

A day care without diapers

Play-N-Stay Doggie Day Care
February 26, 1997
Adrienne C. Dellwo
At whats about to become Spokanes newest day-care center, youll find some common things: lots of toys, a special time-out area, and a mandatory naptime. Whats uncommon about this center, however, is who will playing, misbehaving, and of all
Read More
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