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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Becky Kramer

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News >  Business

Regional home sales set record pace

Homes sold at a record-setting pace during the first six months of the year. Nearly 5,000 homes changed hands in Spokane and Kootenai counties through the end of June, generating $690 million worth of residential real estate sales. Average sales prices rose on both sides of the state line.
News >  Business

Luxury condos to be built in Sandpoint

Construction will begin this summer on a $90 million luxury condo project on the shores of Lake Pend Oreille in Sandpoint. "Seasons at Sandpoint" is Sandpoint's largest new residential development in the past two decades, according to City Planner Will Herrington. Florida-based Bella Vista Group plans to build 105 condo units, priced from $390,000 to $990,000. The development will also include 12 townhouses and a $2 million clubhouse.
News >  Idaho

Compost customers don’t care about source

With its clumpy texture and earthy scent, Coeur d'Green compost is a favorite of customers at Northland Nursery in Post Falls. They buy it by the truckload for gardens and new lawns. Only a few are put off by its origins. The nitrogen-rich compost is made from biosolids culled from the city of Coeur d'Alene's wastewater treatment plant.
News >  Business

Iamgold’s shareholders reject merger

COEUR d'ALENE — The proposed merger of two Canadian gold mining companies failed Tuesday, freeing Coeur d'Alene Mines Corp. to pursue a hostile takeover of one of the firms. The merger of Iamgold Corp. and Wheaton River Minerals Ltd. would have created Canada's fourth-largest gold producer. In Tuesday's voting, however, nearly 58 percent of Iamgold's shareholders rejected a plan to buy Wheaton River for $1.7 billion. The measure needed a simple majority to pass.
News >  Business

Bikers blaze new demographic trail to Spokane

Ray Zimmerman will put on his helmet and ride 2,200 miles to get to the BMW Motorcycle Owners of America rally in Spokane next week. He and his wife, Lorra, are leaving St. Louis on Thursday, traveling "two-up" on Zimmerman's 2002 touring bike. They'll see friends in Minnesota, scenery and Lewis and Clark sites in Montana, and they'll arrive just in time for the rally, which begins July 15 at the Spokane County Fair and Expo Center.
News >  Idaho

Patriotism marches on

When Coeur d'Alene's Hamilton family gathered on their front porch to watch the Fourth of July parade, they were upholding two traditions. One was the gathering spot.
News >  Business

CdA Mines merger proposal gets personal

COEUR d'ALENE — Coeur d'Alene Mines Corp.'s efforts to acquire a Canadian gold producer took a personal twist this week, when the estranged twin brother of Coeur Chairman Dennis Wheeler e-mailed officials at Wheaton River Minerals, warning against a merger. Pat Wheeler is an outspoken critic of his brother's management at Coeur d'Alene Mines, a company once led by their grandfather.
News >  Idaho

Future brighter at Lucky Friday

MULLAN, Idaho – Rick Norman works at a hot and dirty job, but neither 90-degree temperatures nor rampant humidity could quash the Lucky Friday miner's jovial mood Monday afternoon. Each borehole from his roaring jumbo drill brought Norman and his co-workers closer to their goal: a deposit containing 28 million ounces of silver.
News >  Spokane

Events leave no room at region’s inns

The convergence of Hoopfest, Ironman and the Far West Regional Youth Soccer Championships is creating "perfect storm" conditions in the lodging industry, tourism officials say. Most of the 10,000 hotel rooms and campground spots in Spokane and Kootenai counties were snapped up months ago during a blizzard of reservations by athletes and their families. Last-minute travelers looking for rooms in Spokane and Coeur d'Alene this week are finding few available. Front-desk clerks are telling them to keep on driving – to Sandpoint, or Ritzville or the Silver Valley, where vacancy signs are still lit up on hotels and motels. "I was trying to help a gentleman in the lobby find a room for the night. The closest opening was in Ritzville," said Rita Santillanes, who owns two Best Western Peppertree Inns. Her hotel near the Spokane airport is full of Hoopfest contenders. "It's our No. 1 occupancy weekend," Santillanes said. The Liberty Lake Best Western also is full. Some guests are there for Ironman, a triathlon that takes place Sunday in Coeur d'Alene. Others are playing in the youth soccer championships, a six-day tournament that wraps up Saturday. Bob and Martha Hermann, tourists driving from Glacier National Park to Seattle, considered themselves fortunate to find a hotel room in Coeur d'Alene on Tuesday night. But they paid premium prices. "It was $121 for a standard room," Bob Hermann said. "I thought it would be about $70." The three sporting events will bring an estimated 37,000 spectators and athletes to the region, for an economic impact of $37 million, according to the Spokane Regional Sports Commission. Sports travelers spend about $110 per day on lodging, food and shopping, according to past commission surveys. But athletes aren't the only guests in town. Spokane hotels also are playing host to 800 outdoor writers and 2,500 school officials in three separate conferences this week. "We've been full since Friday, and we're full through the weekend. We're full for 11 days straight," said Ron Anderson, general manager of the 400-room Red Lion Hotel at the Park. "This usually doesn't happen." Spokane County's hotel occupancy rate is 95 percent or greater through the weekend, estimates Anderson, who also is president of the Spokane Regional Hotel/Motel Association. Every hotel he knows of is booked. A hotline for room vacancies in Spokane, 1-888-SPOKANE, listed just two dozen openings on Tuesday. Kootenai County is in a similar position, said Christina Hatfield, vice president of tourism for the Coeur d'Alene Area Chamber of Commerce. A chamber e-mail to 60 hotels and campgrounds this week turned up only a handful of vacancies. And most were only for a single night, she said. "We ran into this last year with Ironman and Hoopfest on the same weekend," Hatfield said. "People are calling us on their cell phones, saying, ‘We're coming through. Why aren't there any rooms available?' We're referring them to the Silver Valley and Sandpoint." Rooms are so tight that some participants in the Far West Regional Youth Soccer Championship are staying in Colfax, Ritzville, Sandpoint and Kellogg. The event matches 240 youth teams from 14 Western states, including Alaska and Hawaii. Some teams didn't qualify for the championship until Memorial Day weekend, which made it hard to find lodging, said Jan Neumann, project manager for the Spokane Regional Sports Commission. "Originally, we thought we might have to go as far away as Moses Lake and the Tri-Cities," Neumann said. But the commission staff kept track of hotel cancellations from teams that didn't qualify and was able to accommodate most players within a 1½-hour drive, she said Barbara Fimberz and Nancy Cunningham ended up at Templin's Resort in Post Falls. The women, both from the Phoenix area, have 16-year-old sons who play on the same soccer team. Their families made reservations back in April, but still have a 40-minute drive to the Spokane Polo Club in Airway Heights, where some of the games take place. "We used the same travel agent that Far West used, but it was slim pickings," Cunningham said. At the Travelodge in Spokane, Assistant General Manager Meredith Rainville is juggling departing soccer teams with guests arriving for Hoopfest, some of whom made reservations 12 months in advance. The 80-room lodge has been full since last weekend, and Rainville is turning away people who want to get on the 20-person waiting list. She was frank when asked what advice she has for incoming travelers without a place to stay. "Camp," she said. But campgrounds aren't a sure bet either, as Brad Williams of Sacramento found out. Williams, who is competing in Sunday's Ironman, made reservations nine months ago at the Robin Hood Campground, a small RV park near Ironman's starting line in City Park. Three weeks ago, Williams called to confirm his reservation. The campground no longer existed; it had been razed for a parking lot. Williams and his mom, who came to cheer him on, found a private house to rent instead. It was advertised through the Ironman Web site. Many of Williams' friends are renting homes this year. It's less expensive than booking a week of hotel rooms, which can run $140 per night, he said. The overflow of tourists is welcome in outlying communities, where hotels and motels are filling up as well. As of Wednesday, the La Quinta in Sandpoint had just one room available on Friday night: the $169 honeymoon suite, with a king-sized bed and jetted tub. The Super 8 Motel in Kellogg still had rooms this weekend. But guest service representative Pat Holzhauer never fails to give sage advice to drop-in travelers. "You need to plan ahead," she tells them. "We have activities going on here, and we fill up on weekends."
News >  Business

Buck’s move will save bucks

Chuck Buck, chairman of Buck Knives Inc., sometimes gets disgruntled letters from customers, asking why their knife has a "made in Taiwan" sticker. Over the years, the American maker of sport and utility knives has shifted about 15 percent of its production to Asia, a move necessary to produce the $19.95 and $25.95 knives demanded by retailers such as Wal-Mart, Buck said.
News >  Business

Flawless beauty

POST FALLS — The Fastback Speedster could be confused for a piece of fine furniture, erroneously moored at a dock on the Spokane River. The powerboat's mahogany hull gleams red-brown against the water, polished to a finish that captures reflections of clouds and waves. The seats are upholstered in a vibrant yellow. But the Speedster's beauty runs more than skin-deep.
News >  Business

Chesrown to buy land for riverfront condos

COEUR d'ALENE — Black Rock developer Marshall Chesrown is buying 25 acres along the Spokane River for waterfront condos. The parcel is part of Coeur d'Alene's Riverstone development, an old mill site on Northwest Boulevard that's being transformed into a live-work-play community of offices, retail shops and housing. Chesrown said he has a contract to buy the 25 acres for an undisclosed sum. The deal should close by mid-August.
News >  Business

Writers gathering could offer big promotional boost

They're coming, and they're bringing their favorite fly rods. About 800 outdoor writers and photographers will converge in Spokane next week, when the Outdoor Writers Association of America holds its 77th annual convention here. The conference will generate about $900,000 in direct spending. But even more noteworthy, local tourism officials say, is the potential publicity for the area.
News >  Idaho

Sandpoint gets commercial air service

SANDPOINT – Gary Ballew kissed his wife goodbye Monday morning. Then he walked about 50 feet across the Sandpoint Airport's tarmac to board a nine-passenger airplane to Seattle. There were no waits, no lines. In fact, Ballew was the only passenger aboard the Cessna Caravan.
News >  Business

Canadian firm spurns CdA Mines’ offer

A Canadian gold mining company isn't interested in a $1.8 billion buyout offer from Coeur d'Alene Mines Corp., its board of directors said Monday. Wheaton River Minerals Ltd. will continue to pursue a merger with another Canadian firm, IAMGold Corp. of Toronto, according to a company press release.
News >  Business

Feds’ look at silver prices: No collusion

Mark J. Lundeen says he's not a believer in conspiracies, but the Minneapolis investor does admit to suspicions about the price of silver. In 1994, the retired Navy man began buying up mining stocks, expecting silver prices to rise.
News >  Business

CdA Mines courts B.C. firm

Coeur d'Alene Mines Corp. made an offer Thursday to buy Wheaton River Minerals Ltd., a Canadian mining company, for $1.8 billion in stock and cash. "I want to be very clear that this is a friendly offer," Dennis Wheeler, Coeur d'Alene Mines' chairman, wrote in a letter to Ian Telfer, Wheaton River's chairman.
News >  Business

Holiday travelers gassing up to go despite high cost

COEUR d'ALENE — During the last weekend in May, Celia Mathers fills up her gas tank and hops in the car. It's time for an annual tradition: her Memorial Day road trip. The retired English teacher from Colorado, whose wisecracks are at odds with her matronly bun, drives 1,400 miles to Seattle, where she spends two weeks visiting relatives. Higher gas prices put a crimp in her budget this year, but they didn't derail the trip.
News >  Business

Coldwater stock offering is successful

Coldwater Creek Inc. raised more than $41 million through a stock offering to finance the opening of new retail stores, company officials announced Friday. The Sandpoint retailer of women's clothing and accessories has opened 10 new stores this year, and plans to open 35 more before the Christmas season. By the end of 2004, the company will have 111 stores across the country.
News >  Business

Couple’s designs can take the heat

KELLOGG — Larry Stinson once thought that successful small companies eventually passed some kind of magic mark. It might be a big sale, or perhaps a new client. Whatever it was, passing the mark resulted in security and everlasting prosperity for the firm. "That point where you'd live happily ever after," Stinson said, chuckling at the memory.
News >  Business

Triple Play teams up on hotel project

HAYDEN — Triple Play is teaming up with Holiday Inn Express to create a 7 1/2 -acre hotel-and-entertainment complex on U.S. Highway 95. The hotel will feature an indoor water complex with a wave pool, multiple slides and hot tubs. It will connect by sky bridge to Triple Play, a family-entertainment center.
News >  Business

Mill River gets financial boost from LCDC

The Lake City Development Corp. will spend nearly $4 million to help jump-start two private development projects. Most of the money — $3.4 million — will provide water, sewer lines and other public infrastructure to Mill River, a 100-acre planned development between Seltice Way and the Spokane River.
News >  Spokane

Golf courses going green

WORLEY, Idaho – At the Circling Raven Golf Club, even the term "birdie" can be ambiguous. Did a golfer just beat par?
News >  Business

Hecla will put $30M into mine in Venezuela

COEUR d'ALENE — Hecla Mining Co. will spend $30 million to develop a new gold mine in eastern Venezuela. The Mina Isidora mine will play a strategic role in Hecla's plans to double its low-cost gold production within five years, company CEO Phil Baker told shareholders last week. Hecla produced about 200,000 ounces of gold last year. The Mina Isidora will be ready for mining by late 2005, and it will eventually produce about 100,000 ounces of gold annually, according to company projections.
News >  Business

High silver prices a bonus to miners

COEUR D'ALENE — Lucky Friday miners pocketed an extra $3,000 each during the first quarter of 2004, the biggest bonus they've seen in years. The extra cash came courtesy of higher silver prices.