City of Spokane Valley Agenda Packet Ice Sports Facility Ground Lease 2026-04-21
Spokane Valley Weighs 99-Year Ice Facility Ground Lease
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Description
The City of Spokane Valley is considering approval of a 99-year ground lease with Innovia Foundation for development and operation of a regional ice sports facility and associated hotel/retail on the Sullivan property. The arrangement includes roughly $3.03 million in City-funded infrastructure, lodging tax support for operations through 2031, and a City option to purchase the completed facility for $9.4 million.
Contract Details
Contract Amount
$9.4 million purchase option; estimated $3.03M City-funded infrastructure; $600,000 plus up to $550,000 (2029–2031) for facility operations
Vendor
INNOVIA FOUNDATION
Agency
City of Spokane Valley, WA
Contract Type
FACILITIES
Document Date
April 21, 2026
Contract Term
Proposed 99-year ground lease; City lodging tax operating support 2027–2031; purchase option exercisable in future at $9.4 million
Renewal Info
Single proposed 99-year ground lease term with a fixed option for the City to purchase the facility for $9.4 million or exercise right of first refusal on third‑party offers; no automatic renewal described.
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Spokane County Board Briefing Session Agenda May 12 2026
ONGOINGpriest_river_city_council_special_meeting_minutes.pdf
APPROVEDpriest_river_city_council_regular_meeting_minutes.pdf
APPROVEDcity-of-spokane-valley-council-meeting-agenda-september-23-2025_34b.pdf
pendingcity-of-spokane-valley-council-action-agenda-august-19-2025_72c.pdf
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