LCDC: $10 million is possible - Coeur d'Alene Press: Local News

LCDC: $10 million is possible

Agency could secure funds to help build NIC event center

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Posted: Thursday, May 16, 2013 12:00 am

COEUR d'ALENE - Lake City Development Corp. has $10 million to help build an event center in Riverstone.

Before the urban renewal agency decides whether it wants to pay for the bulk of the project North Idaho College is pitching, more market, feasibility and financing numbers have to be studied thoroughly.

Until then, LCDC is interested in helping land the multi-use sports complex near the intersection of Northwest Boulevard and Interstate 90, it said Wednesday, and it could secure the funds to do it.

"We'd have to borrow money much like we did with McEuen," said Rod Colwell, LCDC member and finance chair, referring to a line of credit the agency secured to fund the multi-million downtown park redevelopment project. "It's like anything then, you'd have to make choices."

Agreeing to fund $10 million of the $15 million capital project would mean the agency might not have resources to fund other projects inside the River District, the urban renewal boundary in which Riverstone sits.

But the board said it wants to keep exploring the sports arena possibility.

While Wednesday's nod of support wasn't a binding financial commitment, it gives NIC enough support to move forward. Last month, the college told LCDC it wanted to explore the feasibility of building an events center, but without LCDC's financial support, it couldn't.

"Absolutely that's what I wanted to hear," said Mark Browning, NIC vice president for community relations and marketing, after the meeting that stopped short of saying, 'Yes, for sure.' "They didn't say no, that's a step in the right direction."

Now, NIC's ad hoc committee will continue looking at possible marketing surveys, design flexibility, fundraising possibilities and possibly another feasibility study.

The sports arena has been a topic around town for years. NIC said it could cost around $15 million to construct and purchase the land in Riverstone, the mixed use commercial and residential neighborhood next to the Spokane River. The land is pegged to cost around $2.5 million while construction would cost around $12.5 million.

An additional $5 million would have to be raised for an endowment fund for operating costs, totaling $20 million for the estimated arena cost. NIC has said it can't contribute much financially because it has higher capital priorities, such as building a new professional-technical education facility.

Which leaves LCDC as the primary financial support option.

And a conceptual design for the arena - which could also host trade shows and concerts among 75 or so events a year - was drawn up about two years ago by Coeur d'Alene architect Chris Patano.

It shows a 5,000 seat pre-engineered, metal facility - almost like a warehouse but with a grand entrance - that would take six to seven months to construct.

After NIC crunches more numbers, it wants to come back to the agency in the fall to make a formal request for the funds.

"Could we borrow $10 million, could we make that work?" Colwell said. "Yeah."

Tom Hasslinger can be reached at 664-8176 ext. 2010 or thasslinger@cdapress.com

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36 comments:

  • NAS4AH2 posted at 12:02 pm on Fri, May 17, 2013.

    NAS4AH2 Posts: 71

    "Could we borrow $10 million, could we make that work?" Colwell said. "Yeah."

    Wish I could say this is hard to believe. It's always nice to get on here and see what else is in the works. This is only what we see and are told.

    Oversized pole barn is accurate. I love how they mention concerts in a building like they are describing. Even with efforts to make them acoustically friendly, they still always sound horrible. I've played shows in hockey arenas that sound better than those.

     
  • j2 posted at 9:48 am on Fri, May 17, 2013.

    j2 Posts: 52

    To LTRLTR:
    Good to point out how much the LCDC is syphoning off the city tax rolls annually. A number that will increase annually - and not because of the LCDC but by simple economics.
    The LCDC Lake District expires in 2021 so that is another $44 million in future tax payer money (at todays revenue) being spent today by people APPOINTED by the city mayor and council. I still call this taxation with no representation.

     
  • LMYCDA posted at 6:16 am on Fri, May 17, 2013.

    LMYCDA Posts: 2288

    One last comment Cookie. Show me the shine in the downtown residential neighborhoods..NOPE JUST ALOT OF SLUMS because of MINIMUM OF LESS WAGES. And, as to the downtown scene...yikes, it is like giant urinal with nothing but drunks. Go check it out little Cookie...Go early in the morning and see the filth!!!! Yepper, we need more drinking yahoos!!!

     
  • LMYCDA posted at 6:12 am on Fri, May 17, 2013.

    LMYCDA Posts: 2288

    Really? Where are higher wages??? Better jobs??? Waitress, bus person, maid, please tell us all where you are getting this false information from. Businesses that pay minimum wage and make sure their employees don't work over 34 hours so they don't have to pay for any benefits, like sick leave, vacation time, health care!!!! Oh, yeah, it will be just great for the tourists!!! and Bar patrons!!! We have the Greyhound park like others have said that is already built!!!! The Kroc Center..DON'T NEED ANOTHER ENTERTAINMENT CENTER!!!!!

    AND LITTLE ONE...I AM NOT A TROLL, NOR ARE MOST THAT BLOG HERE. You are the troll!!! You must of lived like Cookie for about 10 minutes!!!

    Hey, my husband worked for the mill that Riverstone sits on right now and was making over 29.00 an hour plus benefits!!! There has been nothing to compare with that income for anyone that wants to work hard since it was shut down.

     
  • Ziggy posted at 8:57 pm on Thu, May 16, 2013.

    Ziggy Posts: 1229

    a hotel-motel tax was proposed and got shot down in legislature years ago, mostly by Kootenai County interests.
    Taxpayers should consider it as they are paying for all this room in the sewer system and water system for tourists and what do they really get out of it--more restaurants paying minimum wage, traffic jams, and silly made up events for tourists.
    Cookie, how long have you been here? Oh yeah, 10 minutes.

     
  • Humanist posted at 8:44 pm on Thu, May 16, 2013.

    Humanist Posts: 3166

    I don't think you understand how the redevelopment districts work. A new district would need to be established for East Sherman revitalization. I agree with you, though, I would rather see that happen before a new arena is built. You know who else is for East Sherman revitalization? Mayor Bloem. Are you still in favor now that you know that? :)

     
  • RUtaxedenough posted at 7:41 pm on Thu, May 16, 2013.

    RUtaxedenough Posts: 133

    Buyer beware, as others here have pointed out these projects often do not live up to their potential and often can be a money pit. All this building yet I have seen no major traffic upgrades in years, just aesthetic touches of art and medians. As to financing this or other city projects, I hope the new council will look at adding a sales tax on hotels and motels. We could always vote that in and even the threat of that might give pause to the build everything crowd. Lastly, if they are going to build this, can we please look at having some kind of anchor tenant that actually would bring in some revenue? D-League basketball would be a great fit, though other minor league type enterprises should be looked at. If no owners want to bite, I would say that CDA is just not ready for prime time and the event center should be nixed.

     
  • cornbread posted at 5:42 pm on Thu, May 16, 2013.

    cornbread Posts: 13

    Completely agree with Cookie. I pay what seems a large amount of taxes but I love where we live and feel a duty to my kids to make these investments... This city is way way better because of the LCDC's forward thought. How many of you nay-sayers were here when Sherman was about empty and the mills were closing down? Better jobs and higher wages are attracted by what we have to offer plain and simple. I just hope potential businesses looking at our city aren't reading these troll's regular posts...

     
  • Spikey posted at 5:34 pm on Thu, May 16, 2013.

    Spikey Posts: 375

    I was really not going to post here as it does absolutely no good whatsoever. The CDA council and their puppet organization LCDC have 5 plus months to ram whatever self enriching program they choose without fear. So why am I here? Cookie, in a word. Apparently she has kept her head too long in the (cookie) jar and suffers from oxygen deprivation. It is muddled thinking such as hers that has kept the status quo. We have already been informed that HM Bloem will not be running again. Kennedy will run. McEvers is too dumb to quit and last, as well as least, we have Deanna Goodlander. Her actions and the fact that she is engorged with hubris point to her running again. And you know what, they could win because of voters like Cookie who miss the point big time. Cookie, if you are so anxious to contribute your money to private enterprise, I would be more than happy to accept a contribution. Because when you support these boondoggles of the council and LCDC, that is exactly what you are doing. Funding private enterprise. What part do you not understand?

     
  • whatwillbe53 posted at 5:34 pm on Thu, May 16, 2013.

    whatwillbe53 Posts: 178

    The atypical Beautiful People that are being attracted to Coeur d'Alene need a posh park, fake pond with water feature, and an upscale arena. They will benefit from a bridge to nowhere as well!

    Greyhound is unappealing due to its location and working class trappings. I am surprised there are not more offerings at GP, but they have a lot of competition with State Line.

    An arena will pave the way for expansion to the west along Seltice. What better marketing than an Arena for exclusive performances within walking distance? Corrupt LCDC members got away with $3.1M, then $10M, going for a $20M park was icing. Now for the coups d'é·tat!

     
  • LTRLTR posted at 4:24 pm on Thu, May 16, 2013.

    LTRLTR Posts: 1171

    arius1: Very good comments arius! The people calling the shots are the ones who will gain financially.

    I love new events too but spending that kind of money is heartbreaking because city services have suffered and we are getting less for our taxpayer dollar.

    We just read the other day where Council Member Adams voted "NO' on accepting Federal funds to pay for 2-police officers for a 3-year period. We don't need Federal Funding, we need to end these urban renewal projects.

    $5.5 million urban dollars(Cda. property taxes) in 2012 can hire 74 police officers each year.

     
  • Ziggy posted at 4:00 pm on Thu, May 16, 2013.

    Ziggy Posts: 1229

    NIC is a junior college. It does not need a huge stadium. Who does are the high rise and motel/hotel and business owners. They should pay for it, not the LCDC or NIC.
    Also: the days of the big universities or colleges is numbered. No one can afford them. My thinking is that there will pop up some stripped down colleges without the big stadiums, the grand landscaping, the concert halls, art galleries, restaurants, golf courses much on the order of the computer tech schools where you enter, work hard year around and get out with a good job. Also: online universities are the future. There are some top notch professors on the east coast who are packaging their courses and selling them online much cheaper than people would pay at a regular college. Plus, you get a top person in their field. They sold thousands and hundreds of thousand more of these courses than they expected, many to students overseas. Much cheaper to attend online rather than travel to America and pay tuition. And...foreign students are how colleges keep afloat. Myfriend's daughter with a 3.9 was denied entrance to U of Washington as the U had to keep spaces open for foreign students who pay higher tuition. And this is a girl whose great grandparents settled in Spokane County in the 1800s and paid taxes there all their lives.

     
  • Randy Myers posted at 2:59 pm on Thu, May 16, 2013.

    Randy Myers Posts: 1635

    Yipee ky yi yay !! 10 million more free dollars to spend on something we don't need !

    @j2....Greyhound Park is a great (already built) venue for events that size. Great suggestion.

     
  • LMYCDA posted at 1:57 pm on Thu, May 16, 2013.

    LMYCDA Posts: 2288

    Yes the city is growing BUT AM SICK AND TIRED OF LCDC TAKING MY HARD EARNED TAX DOLLARS for a USELESS PURPOSE. HAVE YOU EVER LOOKED INTO WHAT LCDC HAS FUNDED little Cookie. Of course you haven't.

    As ancientemplar stated....you are way off base little Cookie.

    I don't hate little child...but you seem to think we need such a steel eyesore that will cost the taxpayers even more money to keep the piece of steel in good condition. I am not a negative person either little child. But, hate seeing waste...but guess that is something you obviously don't care about.

     
  • cmmama posted at 1:17 pm on Thu, May 16, 2013.

    cmmama Posts: 11

    Wow, this is how you spell waste. Every day hundreds of children and people go hungry in our community with no roof over their heads and our community is considering throwing away 10 million dollars on an "event" center. Elderly are going without their medical needs and working when they should be retired. Children go to school so they can have some food in their bellies and we want to spend 10 million on an "event" center. I am no longer proud to be a member of this community! Seriously considering selling my properties so that I no longer contribute to this narrow minded "growth" with my hard earned taxes. You and I earned this money and paid this money and will continue to pay for these unneccessary "improvements", I can think of 10 million ways to help the community with 10 million and building an "event" center is NOT ONE OF THEM! To hear this story makes me litterally sick to my stomach!

     
  • ancientemplar posted at 1:14 pm on Thu, May 16, 2013.

    ancientemplar Posts: 1268

    Cookie."............ CdA is a growing city, that's just a fact. And it certainly isn't news - it has been happening for many decades. Without the LCDC much of it would not exist"...................

    This is all govn't not private development.
    This is not foundational growth. Its as weak as a house of cards. That's the problem. Private enterprise hasn't gone there without govn't guarantees. You're way off base.

     
  • Cookie posted at 12:35 pm on Thu, May 16, 2013.

    Cookie Posts: 90

    You have guessed incorrectly on each and every item you mention. Way to waste precious pixels with pure unfounded assumption. I am just an average tax paying CdA native who is thrilled to see our town grow up and shine and become an even better place to live. Contrary to what your little negative bubble world may lead you to think, there are MANY of us. Get used to it. Haters gonna hate.

     
  • j2 posted at 11:47 am on Thu, May 16, 2013.

    j2 Posts: 52

    Easy LMYCDA,
    KROC center is a different venue not built for the activities envisioned for the new LCDC 'boondoggle' and Riverstone is slowly coming back to life after being hammered by the deep recession that hurt the entire city, region, country and world economies.
    I agree that undoubtably tax payer money will be required to pay for future operation and maintenance costs of the new LCDC 'boondoggle' and it should be revealed about how much the city tax payers will be responsible for when completed (by an out of region Independent auditor).
    This again brings the question of why Greyhound Park isn't acceptable? It is even more accessable with the new overpass... ironically built with properly applied tax credits from the State Tax Anticipated Revenue (STAR) Legislation (similar to the LCDC).

     
  • j2 posted at 11:20 am on Thu, May 16, 2013.

    j2 Posts: 52

    Unfortunately the east end is outside their boundary.

     
  • j2 posted at 11:19 am on Thu, May 16, 2013.

    j2 Posts: 52

    There needs to be an unbaised report on the long term cost to the city to build this facility. It seems most larrge event centers built in other cities never pay for themselves and require substantial revenue from the city keep them operational.
    Why not just use Greyhound Park. It's only 10-15 minutes away!

     
  • j2 posted at 11:14 am on Thu, May 16, 2013.

    j2 Posts: 52

    Shut down for certain.
    A great example of taxation with no representation.
    Incredible how unelected cronies can spend taxpayer money without any oversight or input from the taxpayers.

     
  • arius1 posted at 10:36 am on Thu, May 16, 2013.

    arius1 Posts: 893

    Hey I'm all for a vibrant growing beautiful city, and CDA is that. But I agree with most of the posters here that its our tax dollars, and those who are calling the shots on these deals should not be the ones to gain the most. The bums will be voted out come November, and lets hope we get some people in there with some moral fortitude.

     
  • LMYCDA posted at 9:40 am on Thu, May 16, 2013.

    LMYCDA Posts: 2288

    Oh, wait, you must be going to benefit from this, is that the case little Cookie???? And, what does "ruin their little pocket books mean"? Yikes!!!!!

    Did you know that LCDC gave the Sherman Condos over $400,000 to put up a brick façade??? Not the people that built and own it and are profiting from these ugly condos. No, the taxpayers and what do we get from this ugly building...NOTHING!!!!

    You are on ill informed person little Cookie. Do some research on LCDC...before spewing such nonsense in your post!!!!

     
  • LMYCDA posted at 9:37 am on Thu, May 16, 2013.

    LMYCDA Posts: 2288

    Really little Cookie, really. Do you pay taxes little Cookie??? Guessing not. Probably on welfare. No one is whining little Cookie...just not understanding the logic. This a another boondogal by our city and LCDC. Just as one poster said...LOOK WHO IS GOING TO BENEFIT LITTLE COOKIE...COUNCIL MEMBERS!!!!

     
  • Cookie posted at 9:24 am on Thu, May 16, 2013.

    Cookie Posts: 90

    It'll never make any sense to me. Why don't all the endlessly annoying whiners and complainers on these threads move to another town where there is absolutely no progress to stress them out and ruin their precious pocketbooks? CdA is a growing city, that's just a fact. And it certainly isn't news - it has been happening for many decades. Without the LCDC much of it would not exist, which the whiners would obviously prefer. Too bad, it's too late, and many of us love to see the growth of our beautiful city into a vibrant, modern hub. If you don't like it then BE GONE!

     
  • LMYCDA posted at 9:11 am on Thu, May 16, 2013.

    LMYCDA Posts: 2288

    Maybe everyone should protest paying the taxes for NIC!!! This is another crock.

     
  • LMYCDA posted at 9:10 am on Thu, May 16, 2013.

    LMYCDA Posts: 2288

    Most I talk with still cannot understand that there is NO CONFLICT with Goodlander being part of LCDC and on the city council. Makes no sense at all. Now, that needs to be investigated. Resign as a council member or as member of LCDC Deanna!!! You know you are doing wrong!

     
  • Sheeken Hunter posted at 8:17 am on Thu, May 16, 2013.

    Sheeken Hunter Posts: 183

    I wonder what the odds are that this will be a done deal before the new city council takes office in January 2014?

     
  • DeNiles posted at 7:55 am on Thu, May 16, 2013.

    DeNiles Posts: 2450

    "A 5000 seat, pre-engineered metal facility, like a warehouse with a grand entrance."

    Maybe Ikea would build it?

    How is such an eyesore supposed to complement Riverstone or this area? Are they serious or just setting us up for something a little nicer for just a weensty more money? And 5000 seats for an -arena- is miniscule. If that is the maximum number of patrons expected than the project lacks enough feasibility for a real business venture. It is not an arena. It is a very ugly multipurpose civic center.

    The Kroc Center is 123,000 square feet on 12 acres and practically in the same place. It is ready to go and this community paid dearly for the place. Start using the Kroc for some of these venues. Trial the business before investing in the infrastructure. In others words THINK before you spend (for a change).

     
  • Miketeague posted at 7:52 am on Thu, May 16, 2013.

    Miketeague Posts: 2388

    Hey it’s only money, more tax payer money for sure, but only money. 20 million for what sounds like a oversized pole barn is such a deal. I don’t understand why LCDC doesn’t add underground parking while they are at it. Between the CDA city council and LCDC I feel so loved and needed even if it’s only as a tax payer to be bled dry.
    What a Kroc...

     
  • LTRLTR posted at 7:44 am on Thu, May 16, 2013.

    LTRLTR Posts: 1171

    Council Member Deanna Goodlander and LCDC Board Member has property across this location at N.W. Blvd, Ramsey and access to I-90. A sport event center could double the value of her property in an instant.

    Council Member Kennedy's boss and partners have own property directly across from Riverstone and their connections are on the LCDC Board. They are grinning from ear to ear as their properties will most likely double in value too.

    Should the community finance a sports events center that North Idaho College will own and supported by property taxpayers, Idaho State income taxes, and student fees?

     
  • ancientemplar posted at 7:34 am on Thu, May 16, 2013.

    ancientemplar Posts: 1268

    Corrupt d'Alene will soon follow Stockton California on the list of cities that have gone upside down financially. CC is right, someone from the outside needs to look at this urban renewal agency.

     
  • concernedcitizen posted at 7:09 am on Thu, May 16, 2013.

    concernedcitizen Posts: 2530

    The LCDC needs to be shut down and a criminal investigation by someone out of state started on ALL that have ties.

     
  • LMYCDA posted at 4:52 am on Thu, May 16, 2013.

    LMYCDA Posts: 2288

    WAY TO BE LCDC...WHY NOT SPEND THE MONEY ON THE EAST END OF SHERMAN TO CLEAN THAT MESS UP...OH, NO, MORE MONEY FOR A DAM TWO YEAR COMMUNITY COLLEGE!!!!!

     
  • LMYCDA posted at 4:51 am on Thu, May 16, 2013.

    LMYCDA Posts: 2288

    Isn't that what the KROC CENTER is supposed to provide??? WHY SHOULD THE TAXPAYERS FOOT THE BILL FOR THIS UNNECESSARY CENTER!!!! WHY??? THIS IS A CROCK OF POOH, JUST ANOTHER SC....WING BY THIS TOWN!!!! RIVERSTONE IS DEAD AND HAS BEEN. THE WHOLE CONCEPT STINKS!!!! NO DOUBT OUR TAXES WILL GO UP AS WELL TO PAY FOR MAINTENANCE OF THE BOONDOGALE!!!!

     
  • voxpop posted at 3:56 am on Thu, May 16, 2013.

    voxpop Posts: 738

    Absolutely unreal. The fools "managing" LCDC have gone berserk. And here I laughed when western Washington rammed through a scheme for the whole state to pay for a sports stadium in Seattle. At least in that case the voters had a voice and a chance. Business special interests are ruining Cda, the county, and our schools with their greed. This train has gone off the rails and it's time to run for more saner climes.

     
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