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The Development Process
CCDC is responsible for preparing and implementing master plans adopted by the Boise City Council within designated urban renewal districts. Currently CCDC is implementing urban renewal plans in the Central District (formed in 1965), the River Street-Myrtle Street District (formed in 1994), and the newly created Westside Downtown District, approved in December 2001. Once redevelopment activities in a district are completed and any debt issued to finance the redevelopment is retired, the district can be dissolved.
Redevelopment activities in Boise's urban renewal districts include both public and private projects. Public projects, primarily funded by tax increment financing, are used to leverage private development in the plan area. Public projects have included construction of parking garages, street improvements, brick sidewalks and public plazas, planting street trees, construction of public buildings, partnerships with private developers and funding public art.
CCDC is empowered to do the following to assist the development process in downtown Boise.
- To borrow money and to issue bonds to finance urban renewal projects.
- To undertake urban renewal projects and related activities within the agency's area of operation including signing necessary contracts and other documents.
- To construct streets, utilities, parks, playgrounds, off-street parking facilities, public facilities, other buildings or public improvements and any improvements necessary or incidental to a redevelopment project.
- To acquire real property (or personal property for its administrative purposes), together with any improvements thereon; to hold, improve, renovate, rehabilitate, clear or prepare for redevelopment any such property or buildings; and to dispose of any real property. (Methods of acquisition include purchase, lease, option, gift, grant and eminent domain.)
- With approval of the council prior to approval of any urban renewal plan, to acquire real property in an urban renewal area, demolish and remove any structures on the property, and pay all costs related to the acquisition, demolition or removal, including any administrative or relocation expenses.
- To invest any urban renewal funds.
- To construct foundations, platforms and other like structural forms necessary for the provision or utilization of air rights, sites for buildings and to be used for residential, commercial, industrial and other uses contemplated by the urban renewal plan and to provide utilities to the development site.
- To apply incremental tax revenues allocated to the agency for the payment of the project cost of any urban renewal project located in a revenue allocation area.
- To borrow money, incur indebtedness and issue one or more series of bonds secured by incremental tax revenues, to finance or refinance, in whole or in part, urban renewal projects and;
- To pledge the incremental tax revenue to the payment of the principal of and interest on moneys borrowed, indebtedness incurred or bonds issued.
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