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City leaders point to Northeast Industrial Area, new retail wins and cross‑country course as long‑term revenue drivers
Summary
City staff highlighted several economic development successes and ongoing projects — including industrial land sales, Amazon and Mercer‑related developments, the cross‑country course and a water‑line partnership — that staff say will add jobs and one‑time and recurring tax revenue over time.
At the June 10 budget workshop economic development staff reviewed recent project wins and longer‑term initiatives they say are generating tax revenue and job opportunities for Spokane Valley.
Economic Development Manager Mike Basinger (presenting) and other staff recapped the development of the Northeast Industrial Area and listed recent large transactions and permit revenues tied to private investment. Staff said sales and permitting activity tied to industrial and commercial development in recent years produced substantial permit and real‑estate excise receipts; Basinger cited…
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