Frequently Asked Questions

Please visit each district's page for specific information about that district.

1. How many urban renewal/tax increment financing areas are within your city?
   • Six Districts (Riverbend, Expo, City Center, West Seltice II, East Post Falls and Center Point) are active Districts that are currently open.  The East Post Falls and the Center Point Renewal Districts currently each have three sub-districts that have been formed to accommodate either different proponents or different objectives.  The City of Post Falls is the Proponent for the City Center District, and two of the three sub-districts in the East Post Falls District.  The Post Falls Urban Renewal Agency has closed one District, West Seltice.
2. What was the year of creation for each active urban renewal/tax increment financing area within your city?
   

   District	Year of Creation
   Riverbend	1995
   Expo	2001
   City Center	1994
   West Seltice II	2005
   East Post Falls	2002
   Center Point	2002

3. What is the current size (acreage) of each urban renewal/tax increment financing area within your city?
   

   District	Acreage
   Riverbend	231
   Expo	200
   City Center	330
   West Seltice II	248
   East Post Falls (3 sub-districts)	469
   Center Point (3 sub-districts)	335

4. What was the base assessed value of each urban renewal/tax increment financing area within your city (pre-urban renewal/TIF)?
   

   District	Base Assessed Value
   Riverbend	$6,821,987.00
   Expo	$7,087,011.00
   City Center	$16,759,277.00
   West Seltice II	$1,612,482.00
   East Post Falls (3 sub-districts)	$66,362,130.00
   Center Point (3 sub-districts)	$1,463,001.00
   NOTE:  These values include non taxable entities within the District

5. What is the projected termination date of each urban renewal/tax increment financing area within your city?

   District	Projected Termination Date
   Riverbend	2012 (full term)
   Expo	2021 (one year prior to full term)
   City Center	2016 (two years prior to full term)
   West Seltice II	2015 (full term – original term limited to ten years)
   East Post Falls (3 sub-districts)	2015 (full term original term limited to ten years)
   Center Point (3 sub-districts)	2017 (five years prior to full term)West
   Seltice	Closed in 2001, six years prior to full term

6. What is the "increment value" of property within each of your tax increment financing areas (assessed value generated through urban renewal)?

   District	Increment Value
   Riverbend	$23,820,124
   Expo	$9,164,182
   City Center	$26,104,653
   West Seltice II	$7,518,776
   East Post Falls (3 sub-districts)	$64,922,410
   Center Point (3 sub-districts)	$21,070,230