SpokanePlanner

Planning, Economic Development, Politics

Macy's Downtown Spokane

A Tax Increment Analysis for the Macy’s Block

How to Finance Incentives to Stimulate Quality Redevelopment — The City of Spokane has $1,795,000 to partner with a developer to improve the derelict Macy’s block into a premier mixed-use project. The mayor’s office just doesn’t know it yet. Otherwise known as incentive money, it can be used to finance eligible public improvements that may happen in or around the Macy’s block as a result of redevelopment. At the end of this post is a link to the raw spreadsheet used to develop the above estimation. I invite you to download it, perhaps make it better. A developer is responsible […]

Downtown Spokane Retail Mix

Of Leakage, Retail Trade Areas, and Losing Downtown Department Stores

The City of Spokane is about to lose its second Costco. The first one closed in the year 2000. Not in the history of downtown development is it a good thing to lose an anchor like Macy’s — alas, downtown’s last true department store. Costco needs more space (as did the first one that abandoned the city in 2000), and Macy’s is downsizing its portfolio. It hardly needs to be said but both closures are significant hits to Spokane’s retail environment, each for its own reasons. What does this all mean? How can Spokane better compete in the retail recruitment […]

Macy's Madonna, Spokane

A Redevelopment Plan For Downtown Macy’s

A 10-Step Plan for the old Macy’s Block — Losing a downtown retail anchor like Macy’s isn’t something cities tend to brag about. But, despite the disappointing loss, many see an opportunity to rehabilitate an old building right in the heart of downtown Spokane. In a future post I intend to explore why Macy’s closed. For now, however, we need to get to work. If leaders in Spokane City Hall are at all interested in leveraging Macy’s closure into an economic development, smart growth, and quality of life opportunity (as I hope they are), there is no time to waste. […]

SpokanePlanner 2016