Spokane Journal of Business

Local News

High-rise rumors escalate

Rumors are swirling in downtown Spokane about a possible building projectperhaps a high-rise office tower or a parking garageon the block where the Rookery Building and several smaller structures now stand.The rumors, which are circulating a...

Entertainment facilities report record revenue

Spokanes four major entertainment and meeting facilities had their best year ever financially in 1997, bolstered by record combined revenue of more than $2.35 million, according to a year-end report released recently.The Opera House, Center, a...

Wash. Trust parent posts record profit

Spokane-based WTB Financial Corp. posted record net income of $15.6 million for 1997, up 6.9 percent from 1996.The financial services holding company, the parent of Washington Trust Bank, of Spokane, also reported solid gains in assets, loans, a...

First of likely new stores for Rite Aid under way

Rite Aid Corp., the Camp Hill, Pa.-based drug-store chain, is having a store constructed at the northwest corner of Sprague Avenue and Sullivan Road in the Spokane Valley and plans to open one of its drug stores there in August.The planned store...

Ponderay Newsprint might get new operator

Ponderay Newsprint Co., which owns the big paper mill at Usk, Wash., about 60 miles north of Spokane, could have a new managing partner by this summer.Avenor Inc., the Montreal-based current managing partner and 40 percent owner of the plant, a...

Sales-tax hike could fund light-rail line

A modest boost in the local sales-tax rate could raise enough money to pay the local share of a $300 million light-rail system here, but Spokane-area voters would have to approve the tax hike, an official here says.The U.S. House of included of...

Spokane office market firms up

The Spokane-area office market is strengthening, due to continuing business expansions here and the arrival of some new companies, analysts say.Recently released results of an office market survey conducted earlier this year by Kiemle & Hagood a...

Jobs added here at a fast clip

Employment in the Spokane area rose 4 percent in 1997the biggest year-to-year gain in jobs in the 1990s, according to the latest full-year figures from the state of Washington.Last year, the number of people employed in the Spokane area rose...

Trustee to sell Layrite site on Trent

Layrite Products Co., the longtime Spokane block maker that shut its doors last year, allegedly is in default on four major loans, and property on Trent Avenue where its plant operated for decades is slated to be sold in a trustees sale to the on...

Health-care chain buys three Med Centers here

So far this year, HealthSouth Corp., a Birmingham, Ala.-based health-care provider that owns 12 physical therapy clinics and a surgery center here, has added to its growing empire three Spokane urgent-care clinics and a Post Falls physical therapy...

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