Author Archive for atangen
Facebook’s IPO one of world’s largest
This Feb. 8 photo shows two workers inside Facebook headquarters in Menlo Park, Calif. Facebook stock is expected to begin trading publicly today.
NEW YORK - Facebook’s initial public offering of stock is one of the largest ever. The world’s definitive online social network is raising at least $16 billion for the company and its early investors in a transaction that values Facebook at $104 billion.
It’s a big windfall for a company that began eight years ago with no way to make money.
Facebook priced its IPO at $38 per share on Thursday, at the top of expectations. The IPO values Facebook higher than Amazon.com and other well-known companies such as Kraft, Disney and McDonald’s.
Facebook’s stock is expected to begin trading on the Nasdaq Stock Market sometime this morning under the ticker symbol “FB.” That’s when so-called retail investors can try to buy the stock.
Facebook’s offering is the culmination of a year’s worth of Internet IPOs that began last May with LinkedIn Corp. Since then, a steady stream of startups focused on the social side of the Web have gone public, with varying degrees of success. It all led up to Facebook, the company that’s come to define social networking by getting 900 million people around the world to share everything from photos of their pets to their deepest thoughts.
“They could have gone public in 2009 at a much lower price,” said Nick Einhorn, research analyst at IPO investment advisory firm Renaissance Capital. “They waited as long as they could to go public, so it makes sense that it’s a very large offering.”
Facebook Inc. is the third-highest valued company to ever go public, according to data from Dealogic, a financial data provider. Only the two Chinese banks have been worth more. At $16 billion, the size of the IPO is the third-largest for a U.S. company. The largest U.S. IPO was Visa, which raised $17.86 billion in 2008. No. 2 was power company Enel and No. 4 was General Motors, according to Renaissance Capital.
For the company that was born in a Harvard dormitory and went on to reimagine online communication, the stock sale means more money to build on the features and services it offers users. It means an infusion of funds to hire the best engineers to work at its sprawling Menlo Park, Calif., headquarters, or in New York City, where it opened an engineering office last year.
And it means early investors, who took a chance seeding the young social network with start-up funds six, seven and eight years ago, can reap big rewards. Peter Thiel, the venture capitalist who sits on Facebook’s board of directors, invested $500,000 in the company back in 2004. He’s selling nearly 17 million of his shares in the IPO, which means he’ll get some $640 million.
The offering values Facebook, whose 2011 revenue was $3.7 billion, at as much as $104 billion. The sky-high valuation has its skeptics, who worry about signs of a slowdown and Facebook’s ability to grow in the mobile space when it was created with desktop computers in mind. Rival Google Inc., whose revenue stood at $38 billion last year, has a market capitalization of $207 billion.
“There seems to be somewhat of a hype around the stock offering,” says Gartner analyst Brian Blau.
That, of course, is an understatement.
Facebook’s IPO dominated media coverage in the weeks and days leading up to the event. Zuckerberg’s hoodie made headlines as did General Motors’ decision to stop advertising on the site -and rival Ford’s affirmation that its Facebook ads have been effective.
There are a few reasons for the exuberance. First, there’s Facebook’s sheer size and high profile. The company grew from a college-only social network to an Internet phenomenon embraced by legions of people, from teenagers to grandmothers to pro-democracy activists in the Middle East.
Secondly, it’s personal.
“It’s probably one of the first times there has been an IPO where everyone sort of has a stake in the outcome,” Blau says. While most Facebook users won’t see a penny from the offering, they are all intimately familiar with the company, so it resonates as something they understand.
And then there’s CEO Mark Zuckerberg, who turned 28 on Monday. He has emerged as the latest in a lineage of Silicon Valley prodigies who are alternately hailed for pushing the world in new directions and reviled for overstepping their bounds. He counted the late Apple CEO Steve Jobs among his mentors and he became one of the world’s youngest billionaires – at least on paper – well before Facebook went public. A dramatized version of Facebook’s founding was the subject of a Hollywood movie that won three Academy Awards last year, propelling Zuckerberg even further into the public spotlight.
Though Zuckerberg is selling about 30 million shares, he will remain Facebook’s largest shareholder. Even after the IPO, he will own 503.6 million shares, or 32 percent of Facebook’s total shares. At the $38 share price, his stake in the company is worth $19.1 billion. Zuckerberg will control the company with 56 percent of its voting stock as a result of agreements he has with other shareholders who promise to vote his way.
The set-up helps to ensure that he and other executives keep control as the sometimes conflicting demands of Wall Street exert new pressures on the company.
True to form, Zuckerberg and Facebook’s engineers are ringing in the IPO on their own terms. The company is holding an overnight “hackathon” Thursday, where engineers stay up writing programming code to come up with new features for the site. On Friday morning, Zuckerberg will ring the Nasdaq opening bell from Facebook’s headquarters.
The $38 share price is the price at which the investment banks arranging the offering will sell the stock to their clients. If extra shares reserved to cover additional demand are sold as part of the transaction, Facebook Inc. and its early investors stand to reap as much as $18.4 billion from the offering.
Follow Barbara Ortutay on Twitter at http://twitter.com/BarbaraOrtutay
Price of gas falls, wallets open
In a Sunday, April 15, 2012 photo, gasoline prices are posted at the Midway Plaza on the Pennsylvania Turnpike in Bedford, Pa. U.S. consumer prices were flat last month as cheaper gas offset modest increases for food, clothing and housing. The data indicate that inflation remains in check. The Labor Department says the seasonally adjusted consumer price index was unchanged in April, after a 0.3 percent gain in March.
WASHINGTON (AP) – Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead.
Consumer prices were flat in April, largely because of a decline in gas prices. Lower prices at the pump may be combining with steady job growth to power more spending on big purchases.
Sales of autos, furniture and electronics all rose in April. And Americans spent more at restaurants and bars – generally a sign of confidence in the economy.
“Consumer spending looks to have started the second quarter on a solid footing,” said Paul Ashworth, an economist at Capital Economics.
Despite the strength in key areas, overall retail sales increased just 0.1 percent last month, the Commerce Department said Tuesday. That modest gain followed two stronger months in February and March.
Cheaper gas offset some of the gains in big purchases. The mild winter was also a factor. In the previous two months, it boosted sales in areas such as building materials and gardening supplies. Spending in those categories fell sharply in April.
Still, economists were encouraged by the details in the report. Excluding autos, gas station sales and spending on building materials, so-called core retail sales increased 0.4 percent, a modest gain.
“All the categories that showed gains are positive signs for consumer spending going forward,” said Leslie Levesque, senior economist at IHS Global Insight. “The categories where there were declines were mainly a payback for the warmer weather.”
The positive signs come six months before voters will decide whether to give President Barack Obama a second term in an election focused heavily on the economy. Obama is trying to convince voters that the economy is on an upswing. His Republican rival, Mitt Romney, counters that the unemployment rate is a still-high 8.1 percent and argues that Obama’s policies are weakening the recovery.
Recent job growth has contributed to higher consumer confidence. Employers have added 1 million jobs in the past five months, though the pace of gains has slowed recently.
Another reason to be optimistic: gas prices are falling after spiking earlier this year. The national average dropped to $3.73 per gallon on Tuesday, about 17 cents cheaper than a month ago, according to a survey by AAA. Sales at gas stations fell 0.3 percent in April.
“We had expected gas prices to be elevated until Memorial Day,” Levesque said. “The fact that they have already retreated so much is a very good sign. It alleviates the strain on consumers’ pockets.”
Cheaper gas also kept inflation tame. Gas prices fell a seasonally adjusted 2.6 percent in April, the Labor Department said. That offset mild increases in the cost of food, housing, and clothes.
Overall, the consumer price index was flat. Excluding volatile food and gas costs, so-called “core” prices rose 0.2 percent.
In the past 12 months, prices have risen 2.3 percent, the smallest gain in more than a year.
Mexican company seeks judgment against Coeur d’Alene Mines
COEUR d’ALENE - A Mexican mining company is seeking a multi-million dollar judgment against Coeur d’Alene Mines Corporation as compensation for the Idaho company’s alleged breach of contract, according to a lawsuit filed in a Mexican court.
Constructora de Carreteras MYGSA S.A. De C.V. alleges that Coeur d’Alene Mines has been unresponsive to claims that the company failed to pay for rock fragmentation work performed in Chihuahua, Mexico, as part of an eight-year contract between the two companies.
MYGSA, which purchased approximately $3 million in specialized equipment specifically for the job, is pushing for a resolution in absence of a response from Coeur d’Alene Mines. The case has been pending for more than a year and a half in the Eighth Civil Court of the Judicial District of Morelos in Chihuahua, Chihuahua.
“We provided services to Coeur d’Alene Mines according to our agreement and are asking to be compensated per the terms of our mutually agreed upon legal contract,” said Mario A. Rodriguez Morales of MYGSA. “Unfortunately, we have had to request assistance from the courts in resolving in a timely manner what was clearly spelled out by the terms of the contract.”
MYGSA is seeking more than $25 million in compensation.
Coeur issued a response Friday.
“There is an outstanding legal matter in Mexico regarding a claim made by MYGSA in late 2010 regarding work performed at the Palmarejo silver-gold mine in Chihuauhua, Mexico,” the release said. “We maintain that this claim has no merit and we will continue to vigorously pursue the matter in the Mexican courts.”
Coeur d’Alene Mines has missed several deadlines established by Eighth Civil Court Judge Jose Humberto Rodelo Garcia, including one earlier this month related to subpoenas requesting responses from company executives, according to MYGSA.
Several senior Coeur d’Alene Mines officials were subpoenaed, including President and CEO Mitchell J. Krebs, K. Leon Hardy, senior vice president and COO, and Donald J. Birak, senior vice president of exploration, Kelli Kast and Dennis E. Wheeler. None have responded, according to court documents.
Coeur d’Alene Mines planned to use the crushed rock by MYGSA as underground backfill at Palmarejo Mine, but has not paid for services provided or fulfilled its responsibilities under the contract signed in 2009, MYGSA alleges.
Palmarejo Mine, a silver and gold mine, is the company’s largest contributor of sales and operating cash flow, according to a description on the Coeur d’Alene Mines website. It produced $513 million in total metal sales in 2011, or about half of the company’s total metal sales.
Local protest of Bank of America held
Justin Stormogipson hoists a sign in protest of Bank of America mortgage practices Wednesday in front of the Post Falls branch.
POST FALLS – Jess Sifford said it’s the blue collar working class, not corporate America and CEOs, that could use some breaks and bailouts.
That’s why the Post Falls man was among 13 who participated in a protest along Seltice Way at the Post Falls branch of Bank of America on Wednesday night due to the corporation’s alleged handling of foreclosures and other practices. The protest was part of a nationwide rally organized by MoveOn.org.
“Bank of America is the least likely to help out with the mortgage crisis,” said Sifford, adding that he’s not a MoveOn.org member but a concerned citizen. “We need a bailout, not big corporations.”
The assistant manager of the Post Falls Bank of America referred a call seeking comment to company spokeswoman Britney Sheehan, who declined to comment on the protest.
“We respect people’s right to protest,” Sheehan said of the company’s reason for not commenting.
Sifford said the Post Falls branch was chosen as the protest site simply because it’s centrally located in the region.
“This is a bi-partisan movement and our intent is to not harm this branch,” Sifford said. “But we still want to get our message across to the corporate level.”
Sifford said he recently tried to modify his home loan with Bank of America, but “was run through the ringer.”
“This is a good time for me to say, ‘Enough is enough,’” he said. “It’s near and dear to me.”
Groups organizing the protests call themselves “99 Percent Power,” meaning they represent the lower- and middle classes and not the wealthy.
“There’s a disappearance of the middle class, jobs are being shipped overseas and a lot of people are only making minimum wage,” said Post Falls’ Terry Sherven, a protester. “If that’s our future, then welcome to Third World America.”
Some protests of the bank’s handling of foreclosures, its investments in payday lenders and investments in the coal industry were less peaceful elsewhere.
Four people were arrested Wednesday as they tried to force their way into the annual shareholders’ meeting in Charlotte, N.C. Police used a new ordinance to declare the gathering an extraordinary event subject to special restrictions.
Hundreds of people gathered on the streets as dozens of police officers worked to contain the protest.
On stage, CEO Brian Moynihan’s attempts at sidestepping hard questions or deflecting answers were met with loud jeers. Attendees shouted “amen” after anti-Bank of America statements were made by other shareholders.
At least 20 shareholders spoke at the meeting. Almost all disapproved of various Bank of America practices.
Moynihan said the bank has about 50,000 people dedicated to working with troubled homeowners and has modified more than 1 million loans, but some borrowers say the company doesn’t call back or has lost documents.
The Associated Press contributed to this report.
Silverwood gamble pays off
Visitors to Silverwood Theme Park race down a "flume" on a log ride as the Corkscrew roller coasters overlooks the ride in the background.
COEUR d’ALENE – Not even Gary Norton knew what the river card would be, but that didn’t stop the entrepreneur from going all in.
That was in 1988, and the self-made businessman turned Silverwood founder was around $1 million in the red after his first season operating the amusement park he had just built.
“We didn’t really know what we were getting into,” said Norton, guest speaker at the Coeur d’Alene Chamber of Commerce’s Upbeat Breakfast on Tuesday. “That was the crazy part.”
Especially since Silverwood started on a whim, in remote North Idaho.
Actually, it started from a collection of antique trains and planes Norton started purchasing after he had sold his business, ISC.
But after one season in the new venture, it was either time to fold “or just go all in,” he said.
Norton went all in.
Twenty-five years later, and Silverwood keeps adding attractions. It has paid $86 million in local payroll and payroll taxes on its way to contributing $1 billion in economic impact across the region. Not bad for the park that has grown into the largest amusement playland in the Pacific Northwest.
Unsurprisingly, North Idaho has developed into a top tourism destination of its own right during that time, said Jerry Jaeger, Hagadone Hospitality president.
The Coeur d’Alene Resort, owned by Hagadone Hospitality, opened around a year before Silverwood did and together the two top-end destinations have helped turn tourism into a thriving industry in North Idaho.
For their part, Norton and Jaeger were awarded the inaugural Kyle M. Walker Champions of Tourism Award by the chamber and visitors bureau. Tuesday’s presentation was also in recognition of National Tourism Week this week.
“Hopefully, we’ll keep this thing growing and get a lot more smiles out there,” Norton said of staying committed to the family-friendly destination.
Norton’s business model is based on two things: Exceeding expectations and attention to details. It can be as simple as loading up a single serve ice cream cone to statue sized proportions as an example of the former, and the lush, landscaped gardens on the grounds as proof of the latter.
“We’re trying to build more than just a park with rides but a real park you can enjoy,” he said.
As tourism continues to play a huge role in the region’s economy, Norton isn’t satisfied with just letting things be. Like The Resort, which recently underwent a huge renovation for its silver anniversary, Silverwood keeps improving. This year, the entrance to the park will be all new. This, after turning the once-summer-only spot into a terrifying haunted house every autumn. Tourism, like any business, is a “painting you keep working on,” he said.
The Kyle Walker award was named after Walker, known as ‘Mr. Coeur d’Alene,’ who served as the chamber manager from 1948 to 1971.
Figpickels settles into new digs at Plaza Shops
Nick "The Trickster Nickster" Anker, 10, Hayden, performs card tricks during the grand reopening of Figpickels Toy Emporium in the Coeur d'Alene Resort Plaza Shops on Saturday. The event also helped launch the new Clump-o-Lumps toy behind Anker.
COEUR d’ALENE – What do you get with a toy store with more elbow room?
More toys and more activity.
That was the case during Saturday’s grand re-opening of Figpickels Toy Emporium in The Coeur d’Alene Resort Plaza Shops.
Jonah Webster, 4, Coeur d’Alene, couldn’t resist handling different cool toys. It’s a touchy-feely kind of place, after all.
“My favorites are the colored rocks and the toys that shine,” Jonah said while going from one toy to another.
Brett Sommer, who owns the store with wife Susan, said the 7-year-old business recently moved from 312 E. Sherman Ave. to 210 E. Sherman, No. 103, because more space was needed.
“We couldn’t do any more (at the former location) because it was so crowded,” Sommer said. “People would literally stop at the door because they could see it was too crowded.”
In the new digs, the Garden of Readin’ book section, Hats in the Belfry, a place to try on hats in front of a mirror that makes you look funky, and the Laser-rarium are being created.
“Before, the universe (to try out lasers in a dark place) was in the bathroom, and that just didn’t work out well,” Sommer said.
The event also helped launch the new Clump-o-Lumps toy, a cast of six characters in which their parts are interchangeable so that 2,303 combinations are possible.
“Create your own,” Sommer told attendees. “You can have a head of a shark on a body of a frog with legs of a squid.”
Nick “The Trickster Nickster” Anker, a 10-year-old from Hayden, mesmerized visitors with his card tricks.
“I’m having a lot of fun with it,” Nick said between tricks. “I like seeing the smiles on people’s faces.”
The move of Figpickels brings the Sommers’ three businesses under one roof. The couple also own Mrs. Honeypeeps Sweet Shop and Papillion Paper Emporium.
“We’ve been treated so well by the Hagadone Corporation,” Sommer said. “The proximity to The Resort and the entrance on Sherman are important to us.”
Tough as iron
Norm and Bonnie Anderson are closing the doors of Anderson Iron Works in Post Falls after more than four decades in business.
POST FALLS - Anderson Iron Works has had a decorated past.
After 43 years, the maker of ornamental iron, railings, spiral stairs and other custom iron products that are visible throughout the community will close its doors on Monday.
Owners Norm and Bonnie Anderson are retiring, marking an end to one of Post Falls’ oldest businesses.
“We tried to quit three years ago, but had a hard time doing it,” the 74-year-old Norm said softly. “My employees have been so good.”
Anderson’s work is spread throughout the region, including on the entrance sign to The Coeur d’Alene Resort, Silverwood Theme Park, the flower baskets on Sherman Avenue in downtown Coeur d’Alene, the elaborate “Amway” house on the Spokane River in Post Falls, the “Extreme Makeover” home near Sandpoint, restrooms at Coeur d’Alene parks, Post Falls’ entrance waterfall features and at numerous homes.
“It’s been a personalized business,” Norm said.
Custom railings and spiral stairs – the company has made about 800 of them – have been the best sellers.
When Norm and Bonnie first opened their shop in Huetter in 1969 after moving here from Minnesota, the business was on a 10-party telephone line.
Ten years later, the business moved to the green Quonset between Seltice Way and Interstate 90 where it has been for the past 33 years.
Through the years, Anderson carved a local niche for ornamental iron projects that had largely been served by Spokane firms years ago.
“My husband is an artist,” Bonnie said with a wide smile.
Norm added to his wife of 52 years: “I don’t call it that; I’m just a craftsman.”
Anderson also built a reputation in which employees stayed and two generations of family members played.
The company never got big. It generally had five or so employees because quality precision craftsmen were hard to find.
But workers stuck around, including Al Sims for 39 years and Daren Nelson 24 years, which the Andersons are proud of.
The company won a national American Legion award and a trip to Nashville for the group’s convention in 2004 for employing veterans. Norm served in the Army National Guard and Reserve himself.
“They’re just good, hard-working, disciplined and honest people,” Norm said of vets.
If there’s a handing off of the Anderson Iron Works baton, Norm said, unofficially it’s Scott Johnson of Johnson Custom Iron in Rathdrum, another longtime employee of Anderson’s.
“I’ve lined him up,” said Norm, adding that he’ll still tinker with iron for family and friends in retirement.
But no one was found to take over Anderson Iron Works itself.
“With custom work and the name on our business, it was hard to sell it,” Norm said. “One guy was going to take over, but he never came up with the money.”
But don’t count out Norm’s family tree from sprouting up in the trade in the future. His 11-year-old grandson, James Hohenstreet, found a liking around the shop.
“He’s in Seventh Heaven helping papa clean shop and work on hand rails,” James’ father Seth said.
Family has always been a major part of the business. The Andersons’ daughters – Lisa, Amy and Beth – grew up playing around the shop and later worked there. Recent years have been the grandkids’ turn to toss nuts and bolts in the can and get a glimpse of the trade.
Anderson, along the building industry’s side, rode the economy’s ups and downs over the years, but was never on the verge of closing, Bonnie said.
“The (latest) recession hit the builders harder than it hit us because private individuals were still buying,” she said.
The company has sponsored many community events, including some hosted by Post Falls Parks and Recreation, Shriners and the Post Falls School District, and has been recognized for longtime membership to the North Idaho Building Contractors Association, Post Falls Chamber of Commerce and the National Ornamental Miscellaneous Metals Association.
“They are really special folks, low key, but always there to help when needed,” Post Falls Mayor Clay Larkin said. “Anderson Iron Works has truly left its signature on many projects.”
The company’s closure, chamber CEO Pam Houser is bittersweet.
“We are always sad to see a business close, but we are thrilled to see hardworking folks enjoy retirement,” she said.
And that’s how Bonnie reminds Norm to look at the end of an era.
“I tell him that this has been a good life, but what’s coming up is even better,” she said. “We’ll get to spend more time with grandchildren, travel and to be at our place on Lake Cocolalla.”
Records
BUILDING PERMITS
City of Coeur d’Alene
Ben Woitas, commercial demolition, 250 W. Dalton, issued March 7
Tricksters Brewery, commercial-tenant improvement, 3850 N. Schreiber Way, value $175,000, issued March 9
Dennis Lekander, commercial-replace window & masonry, 1901 N. Fourth, value $5,000, contractor Creekside Construction, issued March 13
Victory Homes, SFD with garage, 3043 W. Dumont Court, value $130,000, issued March 13
Viking Construction Inc., SFD with garage, 3832 W. Pescador Drive, value $123,872, issued March 13
Viking Construction Inc., SFD with garage, 6933 N. Caracara Lane, value $146,496, issued March 13
Victory Homes, SFD with garage, 3042 N. Dumont Court, value $130,000, issued March 14
Atlas Homes L. L. C., SFD with garage, 3526 N. Bernoulli Loop, value $116,607, issued March 14
Jim & Avis Stafford, commercial-remodel condo unit, 3060 S. Island Green, value $500,000, contractor Dan Hamm Custom Builders, issued March 15
Miller Paint Company, commercial-tenant improvement, 245 W. Appleway, value $50,000, contractor All Wall Contracting, issued March 16
NY Bagel, commercial-internal demolition, 226 W. Ironwood Drive, contractor NRCC L. L. C., issued March 19
Sunshine Minting Inc., commercial-exterior pad for propane tank, 750 W. Canfield, value $12,189, contractor Polin & Young Construction Inc., issued March 19
Timbered Ridge Homes, SFD with garage, 2314 E. Mountain Vista Drive, value $246,187, issued March 19
Affinity at Coeur d’Alene L. L. C., commercial pool house, 3590 N. Cedarblom, value $575,000, contractor Inland Idaho L. L. C., issued March 20
Affinity at Coeur d’Alene L. L. C., commercial-121 unit apartment building, 3594 N. Cedarblom, value $7,225,000, contractor Inland Idaho L. L. C., issued March 20
Affinity at Coeur d’Alene L. L. C., commercial-7 stall garage, 3594 N. Cedarblom, value $27,720, contractor Inland Idaho Inc., issued March 20
Affinity at Coeur d’Alene L. L. C., commercial-7 stall garage, 3594 N. Cedarblom, value $28,710, contractor Inland Idaho L. L. C., issued March 20
Affinity at Coeur d’Alene L. L. C., commercial-8 stall garage, 3594 N. Cedarblom, value $31,680, contractor Inland Idaho L. L. C., issued March 20
Affinity at Coeur d’Alene L. L. C., commercial-8 stall garage, 3594 N. Cedarblom, value $31,680, contractor Inland Idaho L. L. C., issued March 20
Viking Construction Inc., SFD with garage, 3873 W. Sharpshinn Drive, value $155,464, issued March 20
Viking Construction Inc., SFD with garage, 3877 W. Pescador Drive, value $199,389, issued March 20
Atlas Homes L. L. C., SFD with garage, 2506 N. Sorbonne, value $233,253, issued March 22
CSWW dba Big R Stores, commercial-expand retail space into previous storage area, 170 E. Kathleen, value $90,000, contractor Dick Anderson Construction, issued March 23
Kootenai Health, commercial-relocate nuclear camera, 2003 N. Kootenai Health way, value $150,000, contractor Candela Construction, issued March 26
Viking Construction Inc., SFD with garage, 7026 N. Epervier Lane, value $145,360, issued March 27
Stancraft, commercial-move door/build wall, 1705 Northwest Blvd., value $25,000, contractor B Taylor Painting & Drywall, issued March 29
Loren Walz, commercial-tenant improvement-vacuum repair & sales, 6055 N. Government Way, value $7,000, contractor Icon Construction, issued March 29
Hilda Beukelman, commercial-remove two walls & repair, value $1,800, contractor Kimberly Crotinger, issued March 30
Tom Sampson, commercial demolition, 1839 N. Government Way, issued March 30
City of Hayden
440 Partners L. L. C., commercial remodel, 9205-9215 N. Government Way, value $1,500, contractor Bynum Construction, issued March 2
Hallmark Homes Inc., single family residence, 2802 Blackberry Loop, value $196,736, issued March 1
James D. Wasson, new commercial building, 1840 W. Dakota, value $107,325, contractor CDA Structures, issued Feb. 27
Hallmark Homes Inc., single family residence, 8542 Boysenberry Loop, value $248,903, issued March 9
Viking Construction Inc., single family residence, 8537 Salmonberry Loop, value $228,007, issued March 7
Hallmark Homes Inc., single family residence, 2600 Blackberry Loop, value $201,667, issued March 9
Viking Construction Inc., single family residence, 8780 Salmonberry Loop, value $284,481, issued March 13
Aldo L. L. C., commercial remodel, 8680 Wayne Drive #A B, value $48,371, contractor Rob Johnson Construction, issued March 15
Donald J. Blanchard, commercial-erect used paint booth unit, install gas pipe, gas meter and fresh air system 138 Hilgren, value $5,000, contractor Fitting Mechanical, issued March 28
Miter Investments L. L. C., SFD with garage, 10231 Zenith, value $217,524, contractor Termac Construction Inc., issued March 30
Miter Investments L. L. C., SFD with garage, 10253 Zenith, value $229,651, contractor Termac Construction Inc., issued March 30
City of Post Falls
Ryan McCrea, SFR tract house, 946 W. Grange, value $321,325, contractor Aspen Homes, issued March 7
Inland Northwest Developments, SFR tract house, 2079 N. Cruze, value $88,620 contractor CDA Construction, issued March 6
Inland Northwest Developments, accessory building, 2079 N. Cruze, value $13,172, contractor CDA Construction, issued March 6
Viking Construction Inc., SFR tract house, 1988 E. Dipper Loop, value $176,115, issued March 7
Hallmark Homes Inc., SFR tract house, 1734 E. Warbler Lane, value $226,374, issued March 8
Monarch Development, SFR tract house, 976 N. Harlequin Drive, value $194,297, issued March 9
Viking Construction Inc., SFR tract house, 2055 N. Bunting Lane, value $249,892, issued March 14
Post Falls City Library, commercial alteration, 821 N. Spokane, value 10,000, issued March 12
Copper Basin Construction, SFR tract house, 2664 N. Madeira Loop, value $130,446, issued March 14
Benway Quality Homes Inc., SFR tract house, 1336 E. Triumph, value $126,893, issued March 14
Barbara J. Weibel Living Trust, SFR tract house, 2057 N. Cruze, value $115,034, contractor CDA Construction, issued March 16
Silver Creek Limited Partners, multifamily residence, 3743 W. Tayjan Lane, value $3,084,162, contractor Ebenal Construction, issued, March 19
Karl & Jacqueli Grabin, SFR tract house, 2077 W. Twinkling Star Road, value $202,389, contractor Reality Homes Inc., issued March 20
Karl & Jacqueli Grabin, accessory building, 2077 W. Twinkling Star Road, value $72,149, contractor Reality Homes Inc., issued March 20
William Daum, SFR tract house, 3718 N. Cleveland Court, value $144,187, issued March 22
Hallmark Homes Inc., SFR tract house, 8217 N. Woodworth, value $131,557, issued March 21
615 L. L. C., commercial alteration, 615 N. Spokane, value $3,500, contractor Ginno Construction, issued March 19
Northwestern Builders Corporation, SFR tract house, 3773 W. Addidas Lane, value $194,712, issued March 22
Northwestern Builders Corporation, SFR tract house, 3878 N. Maxfli Lane, value $158,462, issued March 22
Kootenai County
Avondale on Hayden Golf Club Inc., commercial addition, 10745 N. Avondale Loop, Hayden, value $1,700, issued March 2
The Marina at Black Rock L. L. C., commercial addition, 10243 W. Rockford Bay Road, Coeur d’Alene, value $10,000, issued March 8
The Marina Yacht Club L. L. C., commercial addition, 1000 S. Marina Drive, Coeur d’Alene, value $32,500, issued March 9
Silverwood Inc., commercial-retaining wall, 27843 N. Highway 95, Athol, value $21,840, issued March 12
CDA Rifle Pistol Club Inc., commercial structure, 5981 N. Atlas Road Coeur d’Alene, value $10,000, issued March 12
Foolish Five, commercial-demolition, 3957 E. Mullan, Post Falls, issued March 13
Vernon Craig, single family residence, 2858 S. Helen Drive, Coeur d’Alene, value $641,207, construction Rosenberger Construction, issued March 15
Don & Susan Dubois, single family residence, 12909 N. Sunflower Loop, Hayden, value $285,460, contractor Monarch Development, issued March 20
Silverwood Inc., commercial structure, 27843 N. Highway 95, Athol, value $436,625, issued March 29
KDB Investments L. L. C., commercial addition, 33972 N. Corbin #A11, Bayview, value $13,000, issued March 28
Duane & Esther Brelsford. single family residence, 29160 S. Quail Run Lane, Worley, value $587,884, contractor Brown Contracting, issued March 27
George Poteet, single family residence, 19422 N Williams Road, Hayden, value $231,919, contractor Creekside Construction, issued March 27
Hayden: ‘The Gateway to Recreation’
Dr. Kory Wilson, DDS
Summer is coming! There isn’t any other place in the world I would rather be this time of the year than the Hayden area. Our area truly is “The Gateway to Recreation.”
If you missed it, our “After Five” in April was held at Avondale Golf Club. It is one of my favorite places to be in the summer and most likely if you are out there to golf or eat, there is a good chance I will be close by. If not on the course, then at my office, Avondale Dental Center, located on the first green. Knock on my window and say hi as you go by! Avondale Golf Club is truly one of the most beautiful and challenging golf courses in the region. I hope you come out and enjoy it this year.
Another one of my favorite things to do this time of year is enjoy the beauty of Honeysuckle Beach and Hayden Lake. On our way out, my family goes to Daanen’s Deli who has the best sandwiches and beer selection in town. We then spend the day at Honeysuckle Beach or on the lake fishing and wake boarding with family and friends.
This summer I also bought a road bike! The second annual Hayden Triathalon is coming up on July 21. You may see me at one of our local bike shops or riding around the lake to get ready! Make sure to say hi, or at least give me some pointers.
Some other things to look forward to are Hayden Days and The Hayden Summer Concert Series. These events are so much fun and have things your whole family will enjoy. To find out more information about these events and other great things to do this summer in the Hayden area visit our website at www.haydenchamber.org.
Join us for our After Five this month at Frontier Communication on May 10. It is a great networking opportunity and free to attend for all!
Put out the welcome mat!
Pam Houser
It’s the time of year when the promise of summer signals the arrival of visitors to our community. As a primarily leisure-travel state, most visitors to Idaho were here to visit friends and family, along with experiencing the outdoors, touring and attending a special event.
Did you know that Post Falls is home to world class rock climbing and a downtown History Walk? City parks and bike trails are open and just waiting for residents and visitors to take advantage of all we have to offer for a healthy lifestyle. Post Falls is proud to host a variety of events which draw visitors, the Julyamsh Pow Wow, regional stock car racing, car shows and big name concerts to name a few. Let’s all put out the welcome mat for the company who’s coming and who will leave behind a substantial and positive economic impact in our community.
Join us on May 15 at Templin’s for our Takin Care of Business Lunch with guest speaker Nancy Di Giammarco to learn more about the economic impact of tourism in North Idaho.
This is the time of year that many businesses amp up their staff and services for a busy summer. I want to encourage our readers to shop local, support those who support our community with sponsorships, charitable donations and tax dollars.
Dozens of events are scheduled this month that provide opportunities for small business owners, employees and citizens to engage in their community. We are looking for people to participate in the city’s strategic planning by completing a survey about where we are and where we are going, survey’s are available at the chamber office or online at the city’s website: www.postfallsidaho.org. This survey will assist in moving forward with a long range plan for Post Falls.
Express Professionals will host the Clydesdales on May 10 in the City/Chamber parking lot from 4-7 p.m., bring the kids down and enjoy an array of activities and refreshments. The Boys and Girls Club will hold their annual Jordan Johnson fun run on May 12 at the Greyhound Park in collaboration with the food bank setting out to break an “ice cream lick” record. The mayor’s youth awards will be handed out at 6 p.m. May 17 at Q’emiln Park, all are welcome in recognizing and celebrating the accomplishments of our local youth.
For a complete list of activities, events, workshops, etc. visit our website at www.postfallschamber.com or www.visitpostfalls.org.