The Spokane City Council on Monday approved the sale of 22 acres of city property for $1 million in the Grandview neighborhood of southwest Spokane.
Greenstone Corp. beat out three other bidders for the property and agreed to install improvements to Grandview Avenue from 17th to 18th avenues as well as add improvements to nearby Grandview Park.
Plans call for developing the property with homes.
Other bidders included RT Development at $835,000; Albion Heights LLC at $440,000; and TFH Corp. at $440,000. The property had been appraised at $375,000 after factoring in deductions for street improvements.
The City Council last spring rejected a request by residents of the neighborhood to seek a Conservation Futures purchase for the undeveloped view property. Council members said they wanted to see the property developed and added to city property tax rolls.
The city acquired the property in a foreclosure on a debt for a local improvement district in the 1970s. About five acres were used to create Grandview Park at 17th Avenue and D Street.
In other business, the council approved Spokane Historic Register listings for three properties in the city. They include the Home Telephone & Telegraph Co. Building at 165 S. Howard St., built in 1907; Hillyard High School at 5313 N. Regal St., built in 1912; and the Alex and Addie Macleod house, 1001 W. Augusta, built in 1902.
Local journalism is essential.
Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.
Subscribe to the Coronavirus newsletter
Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.