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Latest News

Room-tax revenues grow here

‘The Phantom of the Opera,’ steady convention business provided boost for hoteliers
February 26, 1997
Anita Burke
Room-tax revenues in the city of Spokane and Spokane County grew 11 percent and 16 percent, respectively, during the first quarter, providing an indicator of growth in hotel business here, says Mina Gokee, director of sales at the Spokane Area and
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Idaho Trust Co. to offer its services nationwide

CdÂ’A concern establishes new bank, lawyer network
February 26, 1997
Addy Hatch
Idaho Trust Co., a Coeur dAlene-based investment-management company, has formed a nationally-chartered bank, called Wealthbank N.A., so that it can offer its estate-planning and trust services across the country, says company President Thomas new
Read More

AT&T unit will move downtown

Space in Lincoln Building to be remodeled; media group to move in by July
February 26, 1997
Linn Parish
AT&T Media Services, the advertising sales and production arm of AT&T Cable Services, plans to move its offices to downtown Spokane from the cable companys main facility here at 1717 E. Buckeye in East Spokane.The media-services unit, which 18
Read More

North Side mall readies for proposed big tenant

National retailer could take 36,000-square-foot space at Franklin Park Mall
February 26, 1997
Linn Parish
P.OB. Montgomery & Co., a Dallas-based real estate company that owns Franklin Park Mall here, has started an interior demolition in part of the North Side retail center to make room for an unnamed big national retailer.Lance Taylor, a partner
Read More

Metropolitan Mortgage reports jump in earnings

However, big increase in net income was due largely to tax strategies
February 26, 1997
Kim Crompton
Metropolitan Mortgage & Securities Co., the big Spokane-based financial-services company, has reported record net income of $16.3 million for its most recent fiscal year, an increase of nearly 60 percent over the previous year.The company also a
Read More

Where the pregnant pause

Dill Pickle-Maternity
February 26, 1997
Lisa Harrell
Martha Cummings is a mother, at heart and practiceand also by occupation.The fair-haired, rosy-cheeked grandmother of 10soon to be 11has spent the last 17 years nurturing her venerable downtown Spokane specialty store through its ups and a
Read More

LineSoft to add over 200 people

Software company also to lease more office space to address growth surge
February 26, 1997
Linn Parish
LineSoft Corp., a Spokane-based maker of software for power-line planning and design, plans to hire more than 200 workers in the next 18 months, accelerating an already aggressive growth clip that has exceeded company projections, says Linda of and
Read More

Spokane seen as costly drawback

Investment bankers tell Avista keeping subsidiaries here could chop fund raising by $200 million
February 26, 1997
Richard Ripley
New York investment bankers are telling Avista Corp. that a fund-raising to launch business options at its fast-growing subsidiaries would bring in $200 million less if Avista keeps the subsidiaries headquarters here instead of moving them out of
Read More

Telect sustains breathless roll

Liberty Lake manufacturer expands here again, opens plant in Brazil, on hiring binge
February 26, 1997
Paul Read
Liberty Lake-based Telect Inc., the telecommunications-equipment manufacturer thats seemingly always in a growth spurt, has opened a plant in Brazil, is spending millions to expand at its campus here, and is hiring hundreds of workers to handle a
Read More

Garco lands $10 million Fairchild job

Project involves building pump house, laying pipe, installing tanks, fueling pits
February 26, 1997
Lisa Harrell
The U.S. Army Corp of Engineers has awarded a $10.2 million contract to Garco Construction Inc., of Spokane, to build a second KC-135 hydrant-based aircraft-fueling system at Fairchild Air Force Base and to expand the bases current fueling began
Read More
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