Locally owned. Supported by members.

With library challenges mounting, CCDC pulls dollars from project due to ‘timing’

Boise Centre is open
Boise Library Expansion

With delays on construction of a new Boise Public Library, CCDC is making a key change.

BoiseDev Project Tracker

  • Boise Library campus

    Click here for details, information & past stories

The agency’s board of commissioners voted unanimously Monday to redirect $2.6 million it earmarked for the Boise Public Library campus project.

“I’m sure you’re aware of the complications with the new main library project,” CCDC’s Ross Borden said. He did not refer directly to the new legislation but alluded to it twice. “To get these monies spent, we’d like to get these funds redirected to other River-Myrtle/Old Boise projects.”

The formal resolution CCDC adopted mentioned “uncertainties with the new main Library!’s (sic) development timeline,” but did not further detail those uncertainties.

The project faces several challenges, including a new law set to take effect this summer limiting the use of urban renewal funds in public projects without a public vote. It also faces a potential public vote after an citizen initiative process.

- Story continues below ads -
BRR Careers
Boise Centre is open

After the publication of this story, officials with CCDC reached out to say the redirection of bond dollars was not related to HB 217. An agency leader said if the project gets off the ground, they would likely still participate with “allowable” expenses. They said the decision was about “timing, not HB217.”

[ACHD says it will fight new CCDC areas: says they are ‘gerrymandered,’ illegal]

Projects that use urban renewal funds in Idaho would require a vote of the public if more than 51% of the total dollars come from public funds of any type – except federal dollars. The law takes effect on July 1, 2019. Some expenses are allowed, mostly around infrastructure and parking – and are not counted toward the public vote threshold.

BoiseDev attended this meeting on your behalf – as we do for many meetings each month. Consider a membership to support our work (and get our popular daily newsletter!). If you enjoy this content, your support will keep it rolling.

Agency must spend money in next 13 months

The dollars are part of a bond the agency has in place with Zions Bank. The board voted last May to redirect the $2.6 million to the library project. Originally, the agency set aside the money to purchase a portion of the parking garage inside The Fowler. Los Angeles-based Local Construct opted to terminate the option based upon “strong market conditions.”

Now, CCDC will redirect the money toward various projects in its River/Myrtle-Old Boise district, including public infrastructure, streetscapes and crosswalks.

The bond agreement contains a provision that CCDC must spend the money “without delay” according to Borden. The deadline is June of next year.

The City of Boise has not yet outlined how it may change the funding formula for the project in light of the new Idaho law.

Correction: The bonds are held by Zions Bank, not Wells Fargo.

Local news. Locally owned. Supported by members.

Your membership makes these stories possible. Plus, you get our popular daily email with all our stories delivered straight to you.

Don Day
Don is the founder and editor of BoiseDev. He is a National Edward R. Murrow Award winner and a Stanford University John S. Knight Fellow.

“CCDC 3.0:” McLean talks about housing and the direction of Boise’s urban renewal agency

Boise Mayor Lauren McLean largely campaigned on changing the approach to growth and housing in Boise. With both rent and housing prices...

Idaho’s state parks saw more visitors than ever before; improvements planned

By Natasha Williams / Idaho News 6 Idaho's State Parks are seeing a record-breaking...

Winter adjustments to Whitewater Park planned to stop ‘collapsing’ wave

Boise’s expanded whitewater park technically opened last July, but the city closed the centerpiece wave formation to wave riding action for nearly...

‘A lot goes into it:’ Boise-born, New York-trained chef opens local oyster bar

Donuts. A bar. Now - oysters. The former Regal Beaver space at 160 N. 8th St. in Boise -...

Popular

Some Boise bike bars propose less stringent regulations amid complaints

Boise City Council was prepared to put the hammer down on controversial bike bars, but business owners are hoping for a compromise. 

Winter adjustments to Whitewater Park planned to stop ‘collapsing’ wave

Boise’s expanded whitewater park technically opened last July, but the city closed the centerpiece wave formation to wave riding action for nearly...

Another Idaho resort (yes, another one) listed for sale

Another Idaho resort is for sale.  This time it's is the Sourdough Restaurant and Lodge right off of Highway...

Albertsons sees stock pop after earnings report, rolls out new payment system

Boise-based grocery giant Albertsons reported a strong earnings story Tuesday for its latest corner - causing the company’s stock to pop on...
Tamarack Resort Q4 2020

Related

“CCDC 3.0:” McLean talks about housing and the direction of Boise’s urban renewal agency

Boise Mayor Lauren McLean largely campaigned on changing the approach to growth and housing in Boise. With both rent and housing prices...

‘A big project:’ CCDC wants mixed-use, affordable housing project in west downtown

Boise’s urban renewal agency is planning an affordable housing project to spur more development on the western edge of downtown. 

Updated: CCDC gives first approval to new 12-story senior apartment project in Boise

Whether or not Boise gets a new main library anytime soon, a local developer is plowing ahead with a new 12-story tower...

Portion of Boise’s 8th Street will get a makeover: bikes, sidewalks, patios

Capital City Development Corporation (CCDC) began construction this week on 8th Street between Bannock Street and State Street in Downtown Boise.
Boise Centre is open


Latest

‘Sort of magical:’ Vegas country bar launches offshoot in Emmett – with a different vibe (and racetrack)

Country music tunes will soon waft from a portion of the old Boise Cascade laminate plant in Emmett. And Chris Lowden...

Twilegar challenges Bennetts in rare contested Ada prosecutor race

For only the third time in roughly four decades, voters can choose between a Democrat...

McCall’s hospital gets big upgrades with $40-million project

St Luke’s McCall is undergoing a major expansion with half of the hospital not seeing major improvement in 60 years.

Who will head Boise Fire? Chief finalists make their pitch

The two finalists to take the helm of the Boise Fire Department made their case to the community Wednesday night. 

‘There’s no affordable housing’: Essential workers face big housing challenges in Idaho resort community

Jeff Emerick was born and raised in the scenic, tourist destination and resort area that is Blaine County. But as time went...

“CCDC 3.0:” McLean talks about housing and the direction of Boise’s urban renewal agency

Boise Mayor Lauren McLean largely campaigned on changing the approach to growth and housing in Boise. With both rent and housing prices...