It was revealed recently that the City of Missoula has put down $25,000 in earnest money to purchase the Sleepy Inn Motel, located on East Broadway near the Russell Street Bridge for a total purchase price of over $1 million.
According to Jesse Ramos, the Reserve pedestrian bridge was paid for with TIF funding, or Tax Increment Financing. The TIF grand total for development in Urban Renewal District III comes out to roughly $13 million.
The City of Missoula and the Missoula Redevelopment Agency have received a boost from a local company led by Nick Checota, owner of Stonefly, LLC and Logjam Productions to help complete the planning of the Riverfront Triangle project.
The difference between what the Missoula City Council wanted in the 2018-2019 budget and what it could actually afford was revealed during the Wednesday morning budget meeting
The site for the new public library is prepared and waiting for the groundbreaking in late July or early August, according to Karl Olson with the Foundation for the Missoula Public Library.
The head of the Missoula Development Agency said on Monday that Southgate Mall does not have to repay monies from Tax Increment Financing (TIF’s) after being sold, for just one reason, no monies actually went directly to the mall.
Missoula Mayor John Engen, former mayor Dan Kemmis and the Missoula Redevelopment Agency were very happy folks, as what is officially called 'The South Reserve Bitterroot Trail Bridge held its grand opening on Saturday.