Idaho Falls, ID: The Idaho Falls Redevelopment Agency annual report will be presented for discussion and approval at the regular monthly meeting at noon on March 19, in City Council Chambers, 680 Park Avenue, Idaho Falls.
The annual report summarizes the agency’s activities for 2014 and provides a brief history of agency actions over its 27-year history. As with all of its meetings, the public is invited to attend.
The Idaho Falls Redevelopment Agency was activated in 1988 by the Mayor and City Council. Soon after the agency was activated, the Mayor and City Council created the Lindsey Boulevard Urban Renewal District (now the expanded Snake River Urban Renewal District) to address areas that contained numerous vacant parcels, open storage and gravel roads. The agency then issued a bond and undertook the reconstruction of Lindsey Boulevard and Utah Avenue.
Since 1988, the agency has improved Lindsey Boulevard, Utah Avenue, Memorial Drive, and Wardell and Mercury rights-of-way. They have also relocated power lines; improved major road intersections and railroad crossings; and replaced or installed water, sewer and storm drainage lines.
In 2004, the Mayor and City Council approved the creation of the River Commons Urban Renewal District on lands which previously housed a gravel pit. The agency entered into a partnership with the developer of Snake River Landing, Ball Ventures, to finance the construction of Pier View Drive, portions of Snake River Parkway, Milligan Road within the city, Bluff Drive and accompanying public utilities.
As of 2014, these improvements spurred an increase of more than $198 million in assessed value in these two districts.
In 2014, the agency agreed to participate with Broadway Ford in public improvements required to build a new showroom and garage on Broadway, financed the public improvements on the Greenbelt from the tax increment generated by Taylor Crossing and agreed to assist the city with improvements on the Greenbelt north of Broadway.
All of the agency meetings are open to the public and held in the City Council Chambers, 680 Park Avenue, Idaho Falls, at noon on the third Thursday of the month.
About Idaho Falls: Situated along the Snake River at the western edge of the world famous Rocky Mountains, Idaho Falls has all the features of big city living, but still embraces a small town charm. Our skyline consists of the majestic Teton Mountain Range, and in our backyard is the world’s most famous park – Yellowstone. As the regional center for healthcare, shopping, and entertainment, Idaho Falls is attractive to small and large businesses alike and consistently finds itself listed in the top ten rankings of many prestigious magazines, newspapers and professional community research publications. Learn more at http://www.idahofallsidaho.gov/