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Spokane Valley council advances "opportunity fund" code changes and moves to pursue Opportunity Zone nomination
Summary
Council advanced municipal code amendments creating a Tourism Opportunity Fund to underwrite visitor‑driving events using limited TPA (lodging tax) dollars and gave unanimous consensus to nominate Census Tract 123 for Opportunity Zone designation; staff described application details and reporting safeguards.
The Spokane Valley City Council on April 28 advanced code changes to establish a modest Tourism Opportunity Fund (an "Opportunity Fund") and signaled unanimous support for staff to pursue an Opportunity Zone nomination for Census Tract 123.
Community and Economic Development Director Mike Basinger told council the fund—seeded by prior lodging‑tax allocations—was designed to help attract events and venues that generate hotel room nights and local economic activity. “The goal of the program is essentially to fund events and venues that bring visitors to stay in Valley hotels,” Basinger said. The council instructed staff to place awards recommended by the…
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