The City of Spokane was able to have 11 census tracts designated by the Federal government for qualified Opportunity Zone investment. These 11 census tracts were among the 14 we recommended to our Governor for nomination. These census tracks aligned with our City’s Target Investment Economic Development Strategy, our incentives area, and were areas where economic growth is was planned and occurring.
Below the map you can click the pictures of the Target Investment Areas, which will open the dashboard PDF reports on each census tracts located within that Target Investment Area. The Dashboard tool was developed by Enterprise Community Partners, Opportunity360 offers a 360-degree view of any neighborhood?in the country. Opportunity360 measures five foundational criteria shown to have the greatest impact on how we live: Housing Stability, Education, Health & Well-Being, Mobility and Economic Security. The information provided by each neighborhood-level dashboard can help you better understand the resources needed to make communities more inclusive, equitable and connected to opportunity.
The City of Spokane does not certify funds or projects and its recommend that funds and projects conduct research on each other. The City offers to post basic info with links to both funds and projects investing in our distressed zones here on our Opportunity Zone page. Please email us at firstname.lastname@example.org if you have a fund or project in one Spokane’s Zones to list.
Papillon Opportunity Zone Fund, a single-property fund centered on the Papillon Towers Development. The Papillon Towers Development is developing on Spokane's North Bank. The infill development focuses on reuse of an existing building, an adjacent mid-rise new tower to the east, and a high-rise tower with parking directly across the street to the north. The Papillon OZ Fund is offering an opportunity to other zone investors. Papillon Opportunity Zone Fund
6th Avenue Partners LLC has purchased the 55,000sf QualMed Building at 508 W 6th Avenue utilizing a Qualified Opportunity Zone Fund. 6th Avenue is planning to completely modernize and redevelop the property into a mixed-use development including retail, office, medical office, and apartments. The project is being handled by local developer and construction manager Brumback Real Estate & Construction. The 508 West project is currently underway and final completion is expected by 2021.
Contact Teri Stripes,
Economic Development Specialist at: