Tuesday, May 21, 2013

Ron Wells says he's found financing to resurrect Ridpath

Posted By on Tue, May 21, 2013 at 3:48 PM

Those still doubting the old Ridpath building will find new life may want to start believing. 

A few weeks ago, developer Ron Wells says, he found financing to go ahead with the project. For now, he still remains a little secretive: He says he has two competing offers for financing the project and doesn't want to say what who they are until he's ready. 

"It looks like construction will probably start in September," Wells says. Meanwhile, Wells says the details of his plan for the building, which originally were for a variety of small downtown apartments, may be changing. He isn't yet ready to talk specifics.

"I think that we will be ready to make a firm definitive announcement on what the final solution is [in] two or three weeks," Wells says. "There’s still a few moving pieces we need to figure out first."

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Daniel Walters

A lifelong Spokane native, Daniel Walters was a staff reporter for the Inlander from 2009 to 2023. He reported on a wide swath of topics, including business, education, real estate development, land use, and other stories throughout North Idaho and Spokane County.His work investigated deep flaws in the Washington...