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July 23, 2013: – Avista Corp. (NYSE: AVA) and the City of Spokane announced today a partnership on a new public plaza that will replace the parking lot immediately north of City Hall. The new plaza will connect Riverfront Park with the area known as Huntington Park, which Avista began renovating earlier this month and will serve as a new community gathering place.
Under the partnership, the City made the land available, and Avista is building the plaza as a gift to the City from the shareholders of Avista Corp in appreciation of the 125-year partnership between WWP/Avista and the people of Spokane. The plaza project will not be included as a cost to customers in developing retail rates.
““Our company’s history is intertwined with that of the city, and this project will give us the opportunity to commemorate all the opportunities we’ve had to work together to build a strong, vital community,” said Avista Corp. Chairman, President and CEO Scott Morris. “Building a public plaza outside of City Hall between Huntington Park and Riverfront Park ties the spaces together in a way that invites people to use the parks and enjoy the spectacular views of the river.”
A gathering space for events, tiered seating and enhanced landscaping will be among the elements in the new plaza. The plaza will be handicap accessible.
“Parks and the river are tremendous assets, and with this generous community gift, Avista has captured the true spirit of how people embrace and use both,” said Spokane Mayor David Condon. “The public plaza will tie together two important parks, invite people to enjoy the river in new ways and provide a great venue for community events.”
Much of the Huntington Park project falls within the area covered under Avista’s license from the Federal Energy Regulatory Commission to operate the Spokane River Hydroelectric Projects. Under the license and the Federal Power Act, Avista’s obligations include providing public access near the river and recreational facilities appropriate to the setting.
Work on Huntington Park began earlier this month and is expected to be complete in 2014. A rededication of the park and the new plaza for the citizens of Spokane will be scheduled to coincide with the celebration of Avista’s 125th anniversary next spring. Riverfront Park will also celebrate its 40th anniversary next year.
About Avista Corp.
Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is our operating division that provides electric service to 362,000 customers and natural gas to 320,000 customers. Our service territory covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.5 million. Avista's primary, non-regulated subsidiary is Ecova. Our stock is traded under the ticker symbol "AVA." For more information about Avista, please visit www.avistacorp.com.
Avista Corp. and the Avista Corp. logo are trademarks of Avista Corporation.
About the City of Spokane
The City of Spokane, home to more than 210,000 people, is located in the heart of the Inland Northwest. Our 2,000 employees strive to deliver efficient and effective services that facilitate economic opportunity and enhance the quality of life for all our citizens. For more information, visit www.spokanecity.org, like us on Facebook, or follow us on Twitter.
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