About Northeast Public Development Authority (The YARD)
The YARD is part of the rich history of industry and rail transportation in the region. From 1892 to 1982, the area served as a leading terminal for The Great Northern railroad where locomotives were built and repaired on site. Today, development opportunities thrive in this Qualified Opportunity Zone, located in northeast Spokane.
City services are available throughout the 800 acres. Class 1 rail access is available, industrial zoning is in place, and site conditions are favorable. The Labor Force is estimated at 107,450, and customized job training programs are available. Many businesses will qualify for reduced taxes and fees by locating in The YARD. The NEPDA and City of Spokane will assist in reducing your costs with a comprehensive package of incentives.
After decades of planning, The YARD is poised for redevelopment and growth. The North Spokane Corridor (NSC or U.S. Highway 395) has reached the western edge of The YARD, with two new interchanges presently under construction. Connection with Interstate 90 is estimated to occur as early as 2027.
Improved transportation and strong market demand are driving new development. In early 2020, LB Stone Properties is expected to break ground on the Esmeralda Commerce Park, situated on 22 acres in The YARD. This project will feature five buildings and up to 470,000 square feet of industrial and distribution space.
Consider expanding or relocating your business to The YARD. The momentum is building!
Key Data Points:
- State Community Empowerment Zone
- Federal Qualified Opportunity Zone
- Hillyard Brownfield Redevelopment Opportunity Zone
- Local incentives including Manufacturing Machinery & Equipment, and Sales and Use Tax Exemption
- Market Access: NAFTA corridor, Class One Rail services and spur access, T-1 Truck Distribution Route
- Approximately 500 acres of heavy and light industrial zoned property
- 4.5 hour drive time to Seattle, 5.5 hours to Portland, and 8.0 hours to Calgary
- 30 day average permit turnaround
Learn more about the Northeast Public Development Authority (The YARD)
New industrial park planned in The YARD
January 17, 2019
Spokane real estate development company L.B. Stone Properties LLC plans to construct a new industrial park on 22 acres just west of the Esmeralda Golf Course, in The Yard. Tentatively named Esmeralda Commerce Park, L.B. Stone Properties aims to develop five speculative buildings with a total of 500,000 square feet of space. Future tenants at Esmeralda Industrial Park are expected to generate 1,000 jobs, “based on what we’ve seen here at Playfair,” says Nick Czapla, chief operating officer with L.B. Stone. ... READ MORE