Week in Review
The National Park Service has decided the multimillion-dollar rehabilitation of the Davenport Hotel is not eligible for millions of dollars worth of federal historic preservation tax credits, largely because the hotel’s Pennington Wing was demolished in 2001.
Even though hotel owners Walt and Karen Worthy resubmitted their application, excluding the portions of the building that were demolished, Chief Appeals Officer John Robbins said federal regulations require that he consider the entire historic property, as it existed before its rehabilitation.
Tuesday
L. Dennis Kozlowski, the former CEO of Tyco International Ltd., and former Tyco finance chief Mark Swartz were sentenced Monday to up to 25 years in prison for stealing hundreds of millions of dollars from the company in a case that outraged the public with its tales of executive greed and excess.
“ If Spokane-area drivers detest the idea of $3-per gallon gas, they’re not trading in their rigs for a Toyota Prius or a smart four-cylinder Saturn.
The one change is a growing preference for newer, more fuel-efficient pickups and SUVs, several area dealers said.
“ The Spokane Regional Chamber of Commerce will use five promotional cable-TV ads to spread good news about Spokane to residents in Western Washington. Unveiled during Tuesday’s annual chamber meeting in downtown Spokane, the 30-second videos are part of a campaign to promote pride in Spokane, said Chamber CEO and President Rich Hadley.
Wednesday
A Spokane Valley ice arena that serves dozens of hockey teams and figure skaters is on the verge of a giant thaw. Unless a buyer ponies up $1.7 million, Planet Ice’s two rinks could become storage — sending players scrambling for ice time and diverting regional tournaments to other cities.
“ WestCoast Hospitality Corp. is launching an ambitious plan to expand Red Lion hotels into more than 100 new markets over the next five years, including San Francisco, Dallas, Chicago and Los Angeles. As part of its expansion strategy, the Spokane-based company has changed its name to “Red Lion Hotels Corp.” Beginning Friday, company stock will trade under the ticker symbol “RLH.”
“ Potlatch Corp.’s shareholders will benefit from the company’s plans to convert its vast timber holdings into a real estate investment trust, an analyst said Tuesday.
Thursday
A North Idaho company is working extra hours to recycle refurbished and used power generators to help put the Gulf Coast back in business. Critical Power Exchange, a 10-person firm from Coeur d’Alene is refurbishing and shipping units to government agencies restoring services in Louisiana and along the Gulf Coast.