When Mayor Dave Bieter stood in front of the construction site wall at 8th and Main recently vowing to “tear down this wall,” he conveniently failed to let citizens of Boise know the private developer will be paid as much as $4 million by Boise taxpayers for his private venture.
This is the stuff the “Occupy” crowd loves to hear about.
Like about everything else these days, business can’t seem to make it without tapping into the public coffers. The IDAHO REPORTER offers details of the deal between Boise’s urban renewal agency, Capitol City Development Corp.(CCDC) and the Gardner Company. At issue is the infamous “hole in the ground” which has been the subject of numerous botched construction and financing deals.
Gardner is the builder on behalf of Zions Bank which claims its Idaho operations will be housed in the building.
Seems CCDC voted to approve the funds at its September 22 meeting. Total amount of the gift from the citizens of Boise will depend on the total size of the proposed structure–currently set at 253,000 square feet.
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