Arrow-right Camera

The Spokesman-Review Newspaper The Spokesman-Review

Thursday, October 22, 2020  Spokane, Washington  Est. May 19, 1883
Clear Night 35° Clear
News >  Business

Avista plans $1 million parking lot for Catalyst Building

UPDATED: Fri., May 10, 2019

Hundreds of people gather near the corner of East Sprague Avenue and Sherman Street for the official opening of the University Gateway Bridge earlier this week. Avista Corp. is building a $1 million parking lot for its Catalyst Building, which is under construction. The lot will be at left. (Dan Pelle / The Spokesman-Review)
Hundreds of people gather near the corner of East Sprague Avenue and Sherman Street for the official opening of the University Gateway Bridge earlier this week. Avista Corp. is building a $1 million parking lot for its Catalyst Building, which is under construction. The lot will be at left. (Dan Pelle / The Spokesman-Review)

A million-dollar parking lot will be built on East Sprague Avenue, part of Avista Corp.’s work at the south landing of the University District Gateway Bridge, according to city permits.

The lot will be attached to the Catalyst Building,

The underlying property for the parking lot was purchased by Avista in 2016 for $2 million. It most recently was assessed at $262,500 by the county.

The block at the south foot of the bridge is almost wholly-owned by the energy company. From 2016 and 2018, the utility purchased 1.5 acres on the block for nearly $4.4 million.

Construction of the $50 million Catalyst Building is underway. When complete, it will house three degree programs and about 1,000 Eastern Washington University students. Both it and the adjoining four-story Hub facility, a 40,000-square-foot companion to the Catalyst that will house a central energy plant to power both buildings, are expected to be complete in early 2020.

The Spokesman-Review Newspaper

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.


New health insurance plans available November 1 through Washington Healthplanfinder

 (Photo courtesy WAHBE)
Sponsored

Fall means the onset of the cold and flu season.