- Year of creation: 2001
- Size: 236.7 acres
- Base assessed value (Pre-urban renewal): $4,716,720
- 2016 Increment value (assessed value generated through urban renewal): $22,134,290
- Projected Termination Date: 2021
- Expo Plan Book
Section 1 – The Plan
Section 2 – Feasibility Study
Section 3 – City Resolutions & Ordinances
Section 4 – Settlement Agreement Expo First Addendum to Settlement Agreement Expo 2nd Addendum to Settlement Agreement
Section 5 – District Review – August 2012
The Expo District consisting of 236.7 acres was created in 2001 under the “competitively 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 2021.
Watson and Associates of Seal Beach, CA is the proponent of the Expo District. Major goals for the Expo Urban Renewal Plan are: to stimulate industrial expansion in this section of Post Falls; enhance this site for industrial and manufacturing development and expansion; improve public infrastructure and public facilities for the benefit of the immediate area; enhance and improve transportation routes for the benefit of area business, tourist and industrial use.
The Post Falls URA assisted in the extension of public utilities and the construction of public streets and sidewalks for this development. The Agency worked with the proponent to arrange the donation of a five acre site for a new fire station (completed and staffed).
Improvements have stimulated the development and construction of Woodbridge, a large residential development of single family homes. Several light industrial buildings have been constructed. Additional plans for the district include light industrial, distribution, retail, office and other commercial facilities. All public improvements made to date have been dedicated to the City of Post Falls.
Businesses that have opened in this District include: Specialty Construction Systems, Gorton Siding & Remodeling, Triple V Plumbing, Star West Satellite, Woodmill Custom Cabinets, AllWest Testing and Engineering and Love’s Travel Stop.
As of 3/20/17 the District’s assessed value has increased to over $22.1 million.