After the world's fair ended, operations and management of the facility along with the Spokane Convention Center were transferred to the City of Spokane, with the plan that the city would eventually take ownership of the building from the State of Washington. The legislative bill to transfer the ownership to the city was signed on April 20, 1979 in a special ceremony in front of the Opera House with then-Washington State Governor Dixy Lee Ray, although the actual legal transfer of the property would not take place until 90 days after the current state legislative session ended.[1]
The facility was owned and operated by the City of Spokane until September 2, 2003 when it transferred both the ownership and operations of the Spokane Opera House along with the Spokane Convention Center to the Spokane Public Facilities District.[6] In 2006, Spokane-based Inland Northwest Bank purchased the naming rights to the Spokane Opera House in a 10-year, $1.5 million deal[7] and the facility was renamed to the INB Performing Arts Center. In December 2015, it was announced that INB's naming rights deal was renewed for an additional 10 year period.[8] On September 19, 2018, the facility was renamed the First Interstate Center for the Arts[9][10][11] after First Interstate BancSystem, which had completed its acquisition of Northwest Bancorporation, Inc., the parent company of Inland Northwest Bank, a month prior on August 16, 2018. At the time of closing, First Interstate announced plans to phase out the Inland Northwest Bank name in November 2018.[12]
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