Council briefed on proposed airport land sale to AT acquisitions and option on adjacent acreage

Todd, representing airport leadership, briefed the Spokane City Council on a proposed joint resolution with Spokane County to authorize sale of roughly 14.24 acres and grant an option to purchase about 17.96 additional acres to AT acquisitions, for approximately 32 acres of potential development adjacent to existing warehouse facilities.

Todd said the 14.24-acre parcel would be sold at a price of $2.55 per square foot — near the assessed fair value — and the option to purchase the nearly 18 acres would be offered for $2.50 per square foot with an annual option consideration of about $16,000. "The sale of the 14.2 acres is at, A, at fair market value... we're selling at $2.55 per square foot," Todd said.

Staff showed plans for a proposed cross-dock warehouse of a little more than 216,000 square feet on the site, and noted that prior developments in the same area have drawn tenants including Amazon and other logistics users. Todd explained that a diagonal shaded city utility easement runs through part of the property and that sewer and water mains (a 27-inch sewer line and a 12-inch water line) traverse portions of the parcels under discussion.

Council members asked about potential economic impact and whether the buyer's right of first refusal on the larger parcel meant the buyer would necessarily purchase it. Todd responded that employment impact would depend on future tenants and that the buyer has a three-year option to evaluate the larger parcel. "They may or may not. I have 3 years to to analyze it," he said.

No formal vote on the resolution was recorded in the briefing session transcript; staff said the sale would authorize the airport interim CEO to execute required documents if the resolution is approved at a future meeting.