For the Capital City Development Corporation, Aug. 23 is an historic day. It was on that date 50 years ago Boise's era of urban renewal began with the establishment of the Boise Redevelopment Agency. The Idaho Legislature passed the Idaho Urban Renewal Law of 1965, the same year then-Boise Mayor Eugene Shellworth and the Boise City Council approved the creation of the Boise Redevelopment Agency—16.8 million in federal funds quickly followed, triggering development and construction for decades to come.
What followed was the creation of a new footprint for Boise:
- Construction of One Capital Center in 1975
- Construction of Boise City Hall in 1975
- Construction of the Grove Street Garage in 1978, the first of many garages built and owned by CCDC
- Renovation of the Egyptian Theatre in 1979
- Construction of the Grove Plaza in 1987
- Construction of the WellsFargo Center in 1988
- Construction of the Boise Centre on the Grove in 1988
- Construction of the Grove Hotel and Bank of America Center in 1998
- Construction of the Eighth and Main Building in 2014 (filling the infamous "Boise Hole")
The CCDC Board of Commissioners gaveled
back into session Monday, Aug. 10, with a full agenda and an eye on the future. Among the high-profile items was
a so-called "T-3" participation agreement with developers for construction of the Roost in Boise's Central Addition neighborhood
. Recently, some historic homes were salvaged and/or moved from the neighborhood
to make room for The Roost, a seven-story, 204,000 square-foot condo/retail development. The building will include five floors of living/retail and two floors of parking. CCDC is pumping approximately $3.2 million into the project, which includes $82,000 to help with the historic preservation of the relocated houses; $568,000 in public improvement costs; and approximately $2.6 million for new parking spaces.
will also be asked to
also approved a new budget for the district for Fiscal Year 2016, which begins Oct.1. The FY 2016 spending plan is $42.5 million.