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Latest News

$30 million racetrack considered

Facility would be located in East Spokane and seat up to 11,500 spectators
February 26, 1997
Linn Parish
A handful of investors is considering developing a $30 million car-racing track in East Spokane, attorney Roy Koegen says.Koegen, managing partner in the Spokane office of Seattle-based Perkins-Coie LLP, says some investors have approached him a
Read More

Meineke stores here bought by new company

Buyer plans to open fourth Spokane-CdÂ’A-area outlet in six months to a year
February 26, 1997
Addy Hatch
Spokanes three Meineke Discount Mufflers stores have been bought by a new company thats affiliated with a big Meineke franchisee in Portland, Ore.The Spokane-based company, SRD Inc., also has a license to open a fourth Meineke store in the a
Read More

Retail sales took jump last year

February 26, 1997
Richard Ripley
Taxable retail sales in Spokane County rose a healthy 6.7 percent last year to $5.6 billion, outpacing gains in 1999, when they rose 6.3 percent to $5.2 billion.Within the city of Spokane, taxable sales climbed 6.1 percent last year to $3.2 also
Read More

Big apartment complex appears to be coming

City issues building permits for $10.5 million in work in planned Douglass project
February 26, 1997
Linn Parish
A large, long-proposed apartment complex on Spokanes North Side, to be named Prairie Hills at Grayhawk, appears to be moving forward.The city of Spokane has issued building permits for seven of 10 apartment buildings planned in the first phase
Read More

Metropolitan Mortgage posts $14.1 million loss

Spokane company absorbs transition costs, remains confident in strategic plan
February 26, 1997
Kim Crompton
Metropolitan Mortgage & Securities Co., of Spokane, has reported a net loss of about $14.1 million for its second fiscal quarter ended March 31, down sharply from net income of about $455,000 for the year-earlier period. The loss was on revenues of
Read More

Aquatics center eyed for Valley

Nonprofit hopes to open $12 million-to-$15 million, three-pool facility by 2003
February 26, 1997
Linn Parish
Spokane Regional Aquatics Center Inc., a new nonprofit corporation here, hopes to develop a $12 million-to-$15 million indoor swimming facility in the Spokane Valley.Jeff Eickerman, president of Spokane Regional Aquatics, says preliminary design
Read More

Hollister-Stier could add second shift soon

So far this year, company has seen 300 percent jump in contract manufacturing
February 26, 1997
Addy Hatch
Hollister-Stier Laboratories LLC, of Spokane, began a marketing blitz in January to promote its contract-manufacturing services, and the strategy appears to be working: The pharmaceutical makers contract sales are up more than 300 percent for the
Read More

Tax-increment financing interests developers here

Granite Investments hopes incentive is used on project; others expected to follow
February 26, 1997
Linn Parish
Tax-increment financing wont become available in Washington state for another several weeks, but developers here already are looking into whether the city or county would use it in conjunction with their projects, which could be worth tens of of
Read More

Pizza-car signs bring piece of pie

Cassel Promotions
February 26, 1997
Anita Burke
Chances are, the car-mounted sign atop the pizza-delivery vehicle that whisked through your neighborhood last night was made here in Spokane by Cassel Promotions. The same might be true if you lived in New York, Boston, Las Vegas, or a host of U.S.
Read More

Avista unit may face big tax bill

Company is challenging $13.5 million assessment, stateÂ’s B&O interpretation
February 26, 1997
Kim Crompton
Avista Energy, currently the hottest-performing subsidiary of Spokane-based Avista Corp., has been slapped with an additional $13.5 million business-and-occupation tax assessment by the Washington state Department of Revenue for its energy-trading
Read More
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