Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Spokane Valley council approves 75-year ground lease for privately funded ice sports facility
Summary
After hours of presentations and public comment, the Spokane Valley City Council voted 6–1 to authorize a 75‑year (extendable to 99) ground lease with Innovia Foundation/donor-backed LLCs for a privately financed ice sports complex at Sullivan Park; the city will fund roughly $3.03 million in infrastructure and commit lodging‑tax support for early operations.
The Spokane Valley City Council voted 6–1 on April 28 to authorize the city manager to finalize and execute a ground lease that would allow a privately funded 80,000‑square‑foot ice sports complex to be built on 12 acres of city‑owned land at Sullivan Park.
City Manager John Homan, who led the presentation, said Innovia Foundation and a donor will fund vertical construction and operations, while the city’s financial exposure is limited to infrastructure work and a five‑year commitment of lodging‑tax (LTAC/TPA) funds. “All the risks for this project lie with Innovia and the donor,” Homan said during the presentation.
The deal is structured as a nominal $1‑per‑year ground lease for an initial 75‑year term, with a mutual option to extend to 99 years. City Attorney Kelly Concrete said the lease requires the lessee to design, build, operate and maintain the facility at its expense; the lease also includes protections for the city if construction fails to start or the operator defaults. “If the lessees don’t begin actual construction, the city can terminate the lease,” Concrete said,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
