Amends RCW 36.70A.367 relating to urban industrial land banks.

Expands the number of counties authorized to create an urban industrial land bank by allowing such land banks in counties that are: (1) Adjacent to a major railroad connection; and

(2) In close proximity to an interstate freeway.

Provides that the deadline for eligible counties to engage in the urban industrial land bank planning process is extended from December 31, 2007 until December 31, 2014.