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Latest News

Foreclosures in Spokane reach five-year high

Some predict improvement in 2012; Kootenai County data suggest turnaround
January 19, 2012
Mike McLean
Foreclosures on deeds of trust in Spokane County rose for the fifth consecutive year in 2011, climbing 7 percent to within 40 of the peak 1,152 foreclosures recorded in 2002, auditor's office data show.The rate of increase has slowed, though, 12
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—Staff photo by Chey Scott

Bing Crosby Theater building in Spokane to be sold

Bing Crosby Theater could fetch $1 million to $3 million, owner says
January 19, 2012
Chey Scott
Mitch Silver, a Spokane businessman who owns the Bing Crosby Theater building in downtown Spokane, says he's planning to put that historic property up for sale this spring.Silver says he decided to sell the 756-seat theater, located at 901 W. he
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-Photo courtesy of Amusement Today/Gary Slade

North Idaho roller coaster maker expands to accommodate innovations

$1 million Hayden facility to house track-fabrication plant; cars in design stage
January 19, 2012
Mike McLean
Rocky Mountain Construction Group Inc., of Hayden, is erecting a new $1 million shop building where it plans to move its proprietary roller coaster track manufacturing operations, says Fred Grubb, the company's president. The move also will make
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—Staff photo by Chey Scott

Now FLSmidth, old RAHCO unit grows with sales worldwide

FLSmidth Spokane has had sales jump sharply since buyout in 2007
January 19, 2012
Chey Scott
In the almost five years since it was acquired by Danish industrial giant FLSmidth & Co. A/S, FLSmidth Spokane Inc. has seen its sales increase exponentially. The company expects to see that growth continue as the global mining market remains says
Read More
—Staff photo by Linn Parish

Micro-companies use crowdsource funding to finance startups

Some entrepreneurs use crowdsourcing to generate capital
January 19, 2012
Linn Parish
Self-described serial entrepreneur Mark Baker formed a company in 2008 through which he developed a word-strategy card game called 5 To Close, but he never could develop a suitable strategy for producing the game and properly launching the three 5
Read More
—Staff photo by Mike McLean

Rock Pointe office complex owners file for Chapter 11 reorganization

Reorganization latest in series of actions to avoid default
January 19, 2012
Mike McLean
The company that owns the Rock Pointe Corporate Center has filed for bankruptcy protection, staving off a foreclosure sale of the big office complex north of downtown Spokane as debt woes continue to mount for the company's founders.The Chapter
Read More

Experts would put money in wider investment range this year

Some suggest taking more risks because of potential economic improvements
January 19, 2012
Personal Investing
How would you invest $10,000 this year?That's a question posed annually to a panel of investment experts.A year ago, our pundits were relatively optimistic as most suggested quality U.S. stock investments, along with some shorter-term bonds a
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In the News

January 19, 2012
Jan. 14 / Verner's back pay request deniedFormer Spokane Mayor Mary Verner received a determination letter from the city stating it ruled against her request to receive $140,000 of back pay from the last two years of her term. "We had, from an /
Read More

Calendar

January 19, 2012
Meetings & EventsThe City of Spokane Valley Public Works Department will hold a free community meeting on Sullivan Road Replacement Bridge preliminary design Wednesday, Jan. 25, from 6 to 7:30 p.m. at Center Place, 2426 N. Discovery Place. For
Read More

Study: Older, educated people not immune to default

Housing-cost burden rose for many homeowners due to second mortgages
January 5, 2012
News Wise
In theory, older people and people with higher levels of education should be more financially stable and have an easier time affording their homes. New research from the University of Iowa suggests that's not the case.Jerry Anthony, associate in
Read More
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