SB Friedman has provided development advisory services to the Capital City Development Corporation (CCDC) to help facilitate growth in key areas of Boise, Idaho, including assisting in the designation process of four Urban Renewal Districts (URDs).
As part of CCDC’s efforts to facilitate growth in greenfield and redevelopment areas of the city, SB Friedman conducted eligibility studies for three URDs: the Shoreline District, the Gateway East District, and the Westside District (for an amendment). Two of these districts lie within mixed-use downtown neighborhoods, and the other is an industrial corridor on the city periphery.
As part of the URD designation process, we also prepared feasibility studies for the three districts, including:
- Preparing market assessments of retail, residential (for-sale and for-rent), office, industrial and hospitality uses to prepare a 20-year development program for each district.
- Coordinated with planners and engineers to identify needed public improvements.
- Developed a URD feasibility model which accounts for district revenues and expenses projected over the 20-year life of each URD.
SB Friedman also prepared a feasibility study for the State Street URD.
Results: The CCDC Board approved the SB Friedman’s URD Eligibility Study and Feasibility Studies for the Shoreline District and the Gateway East District. Both districts were adopted by the Boise City Council in December 2018. The Westside District Amendment Area Eligibility Study was approved by the Board and City Council in 2019 and the feasibility study was approved in the fall of 2020. The State Street URD was approved by Boise City Council in December 2021.