James P. McGoldrick, born in 1859, started in the timber business in Minnesota. Seeing that most of the lumber he sold came from the Northwest, he moved to Spokane in 1906 and bought a mill south of Gonzaga College, east of downtown Spokane.
The McGoldrick Lumber Co. eventually covered 60 acres along the Spokane River. Logs were stored on the Spokane River and milled lumber was dried in piles outdoors. The company added timber holdings around the region and the mill became one of Spokane’s largest employers.