The latest news of interest to multifamily housing investors in Oregon and Washington.
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Wednesday, November 15, 2017
Spokane's Push for Development on Surface Parking Lots Could Lead to Statewide Changes
The City of Spokane is hoping to revitalize its downtown by providing incentives for development on surface parking lots. City Council President Ben Stuckart is proposing a 10-year property tax exemption for developments built on existing parking lots, which are scattered throughout the downtown area. In order to achieve this goal, Spokane would need permission from the Washington state legislature. If the state grants permission to Spokane, it would open the door for such proposals in comparable cities such as Tacoma and Vancouver. Read more.