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Sept. 28, 2010, midnight
State and federal regulators have lifted the cease-and-desist order placed on Sterling Savings Bank nearly one year ago. Sterling Financial Corp., the bank holding company, said Monday the move reflects Sterling Savings’ strengthened balance sheet and capital position; its progress to reduce the proportion of loans and other assets classified as nonperforming; and measures to realign its credit practices.
Sept. 27, 2010, 4:48 p.m.
State and federal regulators have lifted the cease-and-desist order placed on Sterling Savings Bank nearly one year ago.
Sept. 24, 2010, midnight
A new housing development on Liberty Lake will be backed up by a big chunk of land that will remain natural and open to the public. Twelve homes are planned at Mackenzie Beach on the southeast side of the lake. The same family owned the land for more than a century and laid plans to ensure the preservation of 113 acres, which is being deeded to Spokane County for conservation and recreation.
Sept. 17, 2010, midnight
When the federal courthouse opened in downtown Spokane, gasoline cost 33 cents a gallon, a postage stamp was a nickel and a new home would set you back about $25,000. Forty-three years later, the Thomas S. Foley U.S. Courthouse is showing its age – in places not always visible to the public.
Sept. 10, 2010, midnight
There’s still no Walmart in Coeur d’Alene, but the retail behemoth is about as close as it can get. A Walmart supercenter will open Wednesday in Hayden, a couple of blocks north of Coeur d’Alene city limits.
Aug. 26, 2010, midnight
Avista customers in Washington could see their electric rates go up 7.2 percent and their natural gas rates rise 3.2 percent starting Dec. 1, according to an agreement pending state approval. Under terms of a rate case settlement agreement announced Wednesday, the rate hikes would boost Avista’s annual electric revenues by $29.5 million and natural gas revenues by $4.6 million.
June 2, 2010, midnight
The sale of deeply discounted condominiums in Coeur d’Alene continues Saturday with the second auction of units at the Village at Riverstone. The condos are priced 65 percent less than originally listed, said Edward Durnil, CEO of Tranzon Asset Advisors, a Kentucky-based real estate auction company.
April 10, 2010, midnight
The economic recovery is on the horizon, but it will take four years or longer to erase the stain of the recession, an economist and a marketing professional told business and community leaders Friday in Spokane. “I’m reasonably, vaguely optimistic” the Inland Northwest is headed into a recovery, said Grant Forsyth, professor of economics at Eastern Washington University.
Sept. 4, 2009, midnight
From extra padding under the carpets to child-size sinks and toilets, Pacific Park Children’s Center is built to meet the needs of kids. The 6,200-square-foot child care center recently opened in Spokane’s Indian Trail area. The owners – Katie Solinsky, Mary Brown and Jill Lempka – are sisters, and Solinsky and Brown previously owned and operated a child care center on the South Hill.
Aug. 19, 2009, midnight
The unemployment rate in Spokane County dropped to 8.2 percent in July, from 8.9 percent in June. But what looks like a sign of recovery mostly just reflects a smaller work force. The numbers of employed and unemployed both decreased last month as the labor force shrank by 2,850 workers, the state Employment Security Department reported Tuesday. The lower jobless rate mainly reflects fewer workers, not more jobs, explained Doug Tweedy, the agency’s regional labor economist in Spokane. On a positive note, private employment in July was up slightly – the first time that has happened in a long time, Tweedy said. Industries beginning to boost employment are transportation and warehousing; health services; and leisure and hospitality.
Aug. 7, 2009, midnight
The opening of a new Plato’s Closet can be a conspicuous affair. Just look for the throng of girls and young women waiting to get in. Valerie Rhoads has seen that before and expects to see it again when she opens her second Plato’s Closet, a resale clothing store catering to ages 12 to 24.
July 31, 2009, midnight
Their kids grown, Van and Rebbecca Austin decided to sell their house in Portland, move to Spokane Valley and buy a 15-foot trailer for a mobile hot dog stand, which they’ve parked between Post Falls and Coeur d’Alene. Dog Eat Dawg opened two months ago at Seltice Way and Atlas Road. The Austins are doing brisk business peddling all-beef Nathan’s Famous gourmet dogs as well as German brats, Philly cheesesteaks, meatball subs, burgers and pulled pork sandwiches.
July 3, 2009, midnight
The developers behind RiverView, a proposed cluster of hotels and restaurants on the Washington-Idaho border near the Cabela’s sporting goods store, have taken the next step toward building the $25 million resort. Hughes Investments, of Newport Beach, Calif., and Watson & Associates, of Seal Beach, Calif., have submitted a conditional use permit application for the “master planned resort” to the Spokane County Building and Planning Department.
July 3, 2009, midnight
Seasonally adjusted unemployment in Idaho rose half a percentage point in June, to 8.3 percent. It’s the highest jobless rate since October 1983, the state Department of Labor said Thursday. The jobless rate in Kootenai County also rose half a percentage point, to 8.6 percent. Unemployment fell in some rural counties in North Idaho as warmer weather and federal stimulus dollars created more work.
June 2, 2009, 2:02 p.m.
Spokandy Chocolatier, the 96-year-old Spokane candy maker, has closed two of its four retail locations. The Northtown Mall and Valley Mall stores closed Monday. Sales will be handled out of Spokandy’s factory headquarters, at 1412 West Third Ave., in Spokane, and at the retail store in Ironwood Center in Coeur d’Alene, the company said.
May 29, 2009, midnight
The profile of downtown Coeur d’Alene keeps rising, literally. A six-story office building will be built at Seventh Street and Sherman Avenue, next to one of the two new condo towers that has lifted the city’s skyline in recent years.
May 11, 2009, 1:16 p.m.
Steve Barnhart says it’s a miracle his young son survived a gruesome farm accident last week in North Idaho. “We expect a full recovery,” the father said today, adding that the family wants to thank the public for an outpouring of support and prayers.
May 1, 2009, midnight
A new Ace Hardware store and four attached retail spaces will be the latest additions to the growing Wandermere Village retail center along U.S. Highway 395 just north of Spokane. Construction of the $1.3 million, 19,200-square-foot complex is expected to be completed this fall. In addition to the hardware store, one of the spaces will be a restaurant with outdoor patio. The other tenant stores have not been determined.