Riverbend District

The Riverbend District consisting of 330 acres was created in 1997 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 15 year life and will close in 2012.  By all measures, the Riverbend District is a success.  It has performed at or above projections of the Plan’s goals and it is anticipated that the final reimbursement of the total obligation ($3,834,077) will be made in February, 2012 and the District will then be closed and all future increment will go to the local taxing entities.

Jacklin Land Company of Post Falls, ID is the proponent of the Riverbend District.  Infrastructure improvements have supported the development of North Idaho College Workforce Training Center and the University of Idaho Research Park which draws research and technology companies to the area.

The Post Falls URA assisted in the extension of sewer, water and other public utilities to serve this District.  The improvements have stimulated the development of a significant number of light manufacturing and service buildings, owned or leased by new employers who have relocated to the City of Post Falls. 

In 2005 Buck Knives relocated its manufacturing plant from California which immediately created 150 jobs.  As of January 2011 Buck Knives employs 245.  Other businesses that have opened in this District include:  ALK-Abello, Ednetics, LCF Enterprises, Focus Manufacturing, Berg Development, Tapmatic Corporation, Trigeo Network Securities, AC Data Systems, Burley Products, Scooters America, All Wall Construction, Wilkinson Co., John Deere Landscapes, Swiss Tech and Center Partners

As of 3/20/12 the District’s assessed value has increased over $56.6 million.

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