Expo District
- Year of creation: 2001
- Size: 236 acres
- Base assessed value (Pre-urban renewal): $4,716,720
- 2010 Increment value (assessed value generated through urban renewal): $18,065,472
- Projected Termination Date: 2021
The Expo District consisting of 236 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 and AllWest Testing and Engineering.
Love’s Travel Stops and Country Stores Inc. is planning to build a 24-hour travel center on 10 acres with construction to begin in spring, 2011. Plans for the facility include a 6,500 sq.ft. country store, a 2,500 sq.ft. fast food restaurant, an eight-pump tractor/trailer fueling station, a truck-tire maintenance station and 16-pump car fuel station. The center will employ 45-50 people.
As of 3/31/11 the District’s assessed value has increased over $18 million.