Generally speaking, the eastern third of the property, which sits across from Downtown Spokane, would be an employment center, with a mix of commercial uses that complement the Downtown core and blend in with the existing county and city buildings on the same side of the river. The western two thirds would expand the neighborhoods that already border the property.

Specifically, the employment center is entitled for some 1.5 million sf of office space, but Daniels says that may not pan out. "Our plan is to react to the market as we move forward and that market becomes clearer," he says. "Our estimate at this time is that may be a little too much."

What the office space could become would have to be resolved through the land use process, but Daniels says that his early prediction is that some of the would-have-been office space becomes high-rise residential development. "There is plenty of land to work on and let the market dictate what needs to be done to create the community we want to create," he says.

One of the big questions for the meantime is whether Metopolitan Mortgage will have to sell the land as part of its plan to pay back creditors, and how that would affect the redevelopment plans. "Under the right conditions, we would be interested (in buying the land)," says Daniels, who is confident the land should be developed, if no longer confident it will actually occur. "Bankruptcy is not a situation we are real familiar with, and I understand it has all kinds of possibilities for twists and turns."