Officials at the Greater Boise Auditorium District—one of the few taxing entities outside of state of Idaho, counties and local municipalities—will be keeping a close watch on a unique bonding arrangement to fund an Eastern Idaho event center.
The Idaho State Journal reports that the Pocatello/Chubbuck Auditorium District secured judicial confirmation from Sxith District Judge Stephen Dunn that the district could pay off bonds in order to have full ownership of the land and facility rather than having another entity build the facility and lease it back to the district.
But the bonding will need the help of a third party because Idaho law doesn't allow larger auditorium districts, which already collect hotel-motel room taxes, to bond on their own. So the Pocatello/Chubbuck Auditorium District needed to reach out to the Chubbuck Development Authority, their region's urban renewal agency, to serve as a conduit to secure the bond in order to fund construction.
The State Journal reports that the Eastern Idaho auditorium district plans to build a 40,000-square-foot facility that will primarily host athletic events. Construction bid packages are expected to be ready by mid April.