Dubbed "The Center of The Universe" by locals, Wallace is a former mining town that is now a base of operations for skiing and snowmobiling in the winter and a host of activities and local festivals in the summer. In the 1970s, the town was threatened by the proposed construction of Interstate 90 through town which would have demolished much of the historic city. The response of the town was to put every building in the city on the National Register of Historic Places, preventing the construction of the highway. The Interstate now goes around the town on an elevated viaduct. The city was also the center of the drama of the 1910 wildfire, the subject of the Timothy Egan book and PBS series "The Big Burn."
Historic Wallace, Idaho is located in the heart of the Couer D'Alene wilderness. It is minutes from some of the best hiking, hunting, ATV trails, kayaking and fishing in the United States, all hosted within the Couer D'Alene national forest. It is also in close proximity to the Hiawatha biking trail and sandwiched between the Silver Mountain and Lookout Pass ski areas.