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Latest News

Downtown building faces foreclosure

Owners file Chapter 11 a second time in attempt to delay structureÂ’s sale
February 26, 1997
Kim Crompton
The last investors in a partnership that bought the six-story former McGinnis Independent Paper Co. building in downtown Spokane in the mid-1990s, then later dissolved, are seeking to fend off a foreclosure action brought by Washington Trust bank a
Read More

Robotic Process files for Chapter 11

Liberty Lake manufacturer hurt by struggling economy; trims work force by 30
February 26, 1997
Addy Hatch
Robotic Process Systems Inc., of Liberty Lake, has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code, the second time in just under six years that the manufacturer of specialty equipment for the electronics industry has sought
Read More

Intec eyes energy as a strategy

Training nonprofit expects to announce plans for that possible new focus in April
February 26, 1997
Paul Read
The Inland Northwest Technology Education Center, or Intec, says it is close to announcing a new strategy for helping the Spokane area bolster high-tech employment by focusing more attention on what it calls energy technologies.Randy Long, a
Read More

Big academic building planned at Whitworth

College says it has raised half of needed $6.5 million; project might start this fall
February 26, 1997
Linn Parish
Whitworth College says it hopes to start work this fall on a $6.5 million academic building on its North Spokane campus, its first new academic building since 1956.Whitworth has raised $3.2 million in donations so far for the new building, which
Read More

Metropolitan Mortgage lists securities on Amex

CompanyÂ’s $150 million preferred-stock offering is its largest issue ever
February 26, 1997
Kim Crompton
Metropolitan Mortgage & Securities Co., of Spokane, says it reached an important corporate threshold late last month when it listed one of its stock offerings for the first time on a prominent national exchange.A $150 million offering of Series
Read More

Tracking footprints in code

Global CompuSearch LLC
February 26, 1997
Kim Crompton
You might call it a marriageand a businessmade in cyberheaven.Ramona and Marcus Lawson, of Spokane, met on the Internet, through a match-making service called love@aol, and enjoy cuddling up at home to watch TechTV, a 24-hour cable and to be
Read More

Software Spectrum hits stride

Company foresees more employment growth here after modest gain last year
February 26, 1997
Kim Crompton
While many of Spokanes largest employers have been slashing jobs over the last year, the Liberty Lake operation of Software Spectrum Inc. has been expanding its work force.The Garland, Texas-based software seller and technical-service provider
Read More

Learning to use a new tax tool

Creation of stateÂ’s first tax-increment financing district here proves thorny, though most like new lawÂ’s potential
February 26, 1997
Rob Strenge
Those involved in creating the states first tax-increment financing districton West Plains land that will be home to a new technology parksay theres quite a learning curve to interpreting and using the new law, which made a long-sought tool
Read More

Doc exodus sets off alarms

About 140 physicians have left Spokane in the past three years; money is an issue
February 26, 1997
Linn Parish
Dr. Christopher T. Bajzer, schooled in avant-garde interventional cardiology, arrived in Spokane from Ohio in the summer of 1999. Practicing at Spokane Cardiology PSC, he made an immediate impact, helping the practice land two clinical-research a a
Read More

Coeur sinks its pick into better diggings

South American deposits seen as type of properties company needs in future
February 26, 1997
Richard Ripley
After years of battling dwindling precious-metals prices, dimming U.S. exploration prospects, and a decline in its own share price, Coeur dAlene Mines Corp. might have unearthed richer diggings.The company says that two mineral deposits in the
Read More
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