Center Point District
- Year of Creation: 2002
- Size: 335 acres
- Base-assessed value (Pre-urban renewal): $1,395,916
- 2017 Increment Value (assessed value generated through urban renewal): $63,467,539
- Projected Termination Date: 2022
- Center Point Plan Book
Section 1 – The Plan Amended Plan ltrs & docs
Feasibility Study-CP Feasibility Study-SL Disadvantaged Area
Section 2 – OPA-Stateline OPA-GS-Sysco MOPA-The Pointe
Section 3 – Resolutions & Ordinances
Section 4 – Order of Approval 12.15.11 Order of Approval 2.16.12 Order of Approval 12.20.12 Order of Approval 1.15.15
Section 5 – District Review- July 2014
Section 6 – Signed MOPA Assignment Assignment of Payment Rights
The Center Point District consisting of 287 acres was created in 2002 under the “disadvantaged border community” provisions of the Urban Renewal Act to create jobs, address road and traffic control issues and extend infrastructure. The District has a 20 year life and will close in 2022.
Greenstone-Kootenai of Liberty Lake, WA was the original proponent. In 2005 the district expanded by 48 acres to add the Stateline Business Park, LLC of Amity, OR. In 2006 Greenstone-Kootenai sold approximately 240 acres to FourSquare Properties, of Carlsbad, CA. FourSquare Properties formed The Pointe which now is home to Cabela’s and WalMart. The remaining open land is being developed as retail, manufacturing and light industrial uses.
The Post Falls URA assisted in the extension of sewer, water and public utilities to serve this District. Improvements have been made to Seltice Way and interior thoroughfares and circulation streets have been constructed, including sidewalks, drainage and other public improvements to support major commercial development in this District. The Agency provided one third of the funding to assist the City to construct a new water reservoir to improve water services and water pressure throughout the western portion of the City. The Agency has agreed to reimburse developer partners for the construction of several new sewer lift stations that serve the overall District.
The District has attracted three large employers who have built new buildings to accommodate their commercial and service operations. These include: SYSCO, a major food distributor which opened a 146,000 sq. ft. facility in 2005 and currently has 110 employees. Cabela’s opened a 250,000 sq. ft. retail and distribution facility in November of 2007 and has 185 employees. WalMart opened in August, 2010. It boasts 154,000 sq. ft. of retail space and employs 230.
A five acre “park and ride” facility near Cabela’s has been created to accommodate public transit and to provide carpool incentives for the many North Idaho residents who work in the Metropolitan area.
A portion of the plan for this District includes the construction of support and frontage roadways to accommodate the planned interchange at Beck Road and Interstate 90 which the proponent will construct in partnership with the State Department of Transportation pursuant to the STAR legislation.
As of 3/01/2018 the District’s assessed value has increased over $63.4 million.