A series of public infrastructure improvements in the West Quadrant Tax Increment Finance District will stimulate development in the area. Examples of public improvements include:
Tax Increment Financing (TIF) is a funding mechanism used by local governments to finance public infrastructure and help incentivize economic development and redevelopment of blighted neighborhoods. The establishment and use of TIF is authorized under State Law – RCW 39.89 “Community Revitalization Financing Act”. Individual TIF districts (such as the West Quadrant Tax Increment District) are created by ordinance of the local jurisdiction concurrently with other regular taxing districts.
Vision: To stimulate economic activity by investing in neighborhood improvements that activate private development and increase the fair market value of real property within the West Quadrant Increment Area.
Mission: Invest in public infrastructure efforts to create neighborhoods that attract new businesses and revitalize neighborhoods.
Guiding Principles:
As a major property owner and operator within the West Quadrant TIF district certain improvements to Spokane County owned properties (“County Public Improvements”) are funded in part through tax increment financing funds. Development projects are directed and constructed under the Intergovernmental Agreement between the City and the County.
The West Quadrant Tax Increment Financing Neighborhood Project Advisory Committee is a group meant to provide oversight and direction with respect to the financing, construction, and priority of neighborhood public improvements.
Authorized by and Date: Ordinance No. C-34032 on May 14, 2007
Mission Statement/Purpose: To assist the City of Spokane in prioritizing neighborhood public improvements in the neighborhood areas that surrounds Kendal Yards Development.
Kendall Yards is a planned community encompassing approximately 78 acres of land on the north bank of the Spokane River. The two areas of development include the mixed use area between Monroe and Maple Streets and the primarily residential area west of Maple Street. The Centennial Trail extends along the south boundary the entire length of the project.
Visit the Kendall Yards project page
Streetscapes, Intersection, and Infrastructure Improvements
Intersection Improvements
Streetscape and Infrastructure Improvements
Infrastructure and Streetscape Improvements
Infrastructure and Streetscape Improvements
A trail connection has been made under the Monroe Street Bridge for non-motorized vehicle and pedestrian use. The Centennial Trail is an ADA accessible and Class 1 trail separated from motorized traffic connecting key areas in the Spokane area.
