Idaho Falls, ID – The Idaho Falls Redevelopment Agency will present their annual report for discussion and approval at its regular monthly meeting at noon on March 15. As with all of the agency’s meetings, the public is invited to attend.
The annual report summarizes the agency’s activities for 2017 and provides a brief history of agency actions over its twenty-seven year history.
The Idaho Falls Redevelopment Agency was activated in 1988 by the Mayor and Council. Soon after, the Mayor and Council created the Lindsey Boulevard Urban Renewal District (now the expanded Snake River Urban Renewal District). This area contained numerous vacant parcels, open storage and gravel roads. The agency issued a bond and undertook the reconstruction of Lindsey Boulevard and Utah Avenue.
Since 1988, the agency has improved Lindsey Boulevard, Utah Avenue, Wardell and Mercury rights-of-way, and Memorial Drive. The agency has 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 Council approved the creation of the River Commons Urban Renewal District on lands that 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, and Bluff Drive and accompanying public utilities.
The agency has also created districts at the intersection of Pancheri Drive and Yellowstone Avenue, the Eagle Ridge Subdivision, and most recently at Jackson Hole Junction. As of 2017, these improvements spurred an increase of $253,665,203 in the assessed value in all districts.
All of the agency meetings are open to the public and are held in the City Council Chambers, 680 Park Avenue, Idaho Falls, at noon on the third Thursday of the month.
Media Note: For more information or to schedule an interview with city staff, contact Public Information Officer, Kerry Hammon at (208) 612-8122 or [email protected].