Advertise Here

Huckleberries Online

Council OKs River Side Purchase

The Coeur d'Alene City Council approved funding Tuesday night to cover the cost of a 2-mile stretch of old railbed along the Spokane River corridor. Last month, the council gave city staff permission to pursue the purchase of the property, and to develop alternatives for funding the purchase of the $2.5 million property. At the July meeting, City Attorney Mike Gridley (pictured) announced he had reached a favorable agreement with Burlington Northern Santa Fe Railroad to purchase the property. The property was appraised at $4.3 million last fall, but Idaho's congressional delegation was able to work with the city and the railroad to get the price down. At Tuesday's meeting, Gridley presented several options for funding the purchase, including using foregone taxes, tapping the city's rainy-day fund, using cash reserves in the city's utility fund or going for a bond election to pay for the property. First the council settled on splitting the cost of the railbed with the Lake City Development Corporation, which has previously agreed in principal to partner with the city/Jeff Selle, Coeur d'Alene Press. More here.

Question: Do you approve/disapprove of this deal?

Please keep it civil. Don't post comments that are obscene, defamatory, threatening, off-topic, an infringement of copyright or an invasion of privacy. Read our forum standards and community guidelines.

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Huckleberries Online

Get blog updates by email

About this blog

D.F. Oliveria is a columnist and blogger for The Spokesman-Review. Print Huckleberries is a past winner of the Herb Caen Memorial Column contest by the National Association of Newspaper Columnists. The Readership Institute of Northwestern University cited this blog as a good example of online community journalism.

Find DFO on Facebook

DFO on Twitter

Betsy Russell on Twitter

HBO newsmakers Twitter list

Latest comments »

Read all the posts from recent conversations on Huckleberries Online.

Take this week's news quiz ›
Search this blog
Subscribe to this blog
Advertise Here