Business

Stadium plan may be near. Nampa homes to cost more. 10 business stories to catch up on

Bart Cochran, founder of Boise-based Leap Charities, stands in front of a four-bedroom home made from shipping containers that is part of the Windy Court development in Northwest Boise.
Bart Cochran, founder of Boise-based Leap Charities, stands in front of a four-bedroom home made from shipping containers that is part of the Windy Court development in Northwest Boise. jsowell@idahostatesman.com

The top 10 Idaho business stories of the week:

1. The developer of a proposed sports stadium west of Downtown Boise could present the city with a formal proposal as soon as this month, says Jeff Eiseman, the president of Agon Sports and Entertainment, which shares ownership with developer Greenstone Properties. The estimated cost of the stadium has risen to $50 million, up from $40 million previously.

stadium 1.jpg
This artist’s rendering shows how Greenstone Properties’ stadium could have looked at its former proposed site on Americana Boulevard just north of the Boise River. Greenstone has been working since last summer on a plan to build the stadium at a new site a half mile northwest. Statesman file

2. The stadium could face a public vote. The Idaho House passed a bill to require that sports stadiums built with city urban-renewal money go before voters. Urban renewal is funded by property taxes. The city of Boise and the Boise Metro Chamber of Commerce oppose the bill, but it passed overwhelmingly and was sent to the Senate.

House Bill 217 would require a public vote when urban renewal district money is spent on public buildings like stadiums and libraries. It passed the Idaho House on March 11, 2019.

3. A bar near the potential site of the stadium was bought by an agency of the stadium developer, a step toward potential redevelopment in the area. HBCBP LLC bought The Symposion at 2801 W. Fletcher St., about a block from where the stadium might be, according to an Ada County Assessor’s Office record.

53323380_354754795131511_6701516980383383552_n.jpg
The Symposion, or “the Sympo,” is at 2801 W. Fletcher St., between Fairview Avenue and the I-184 Connector just east of the Boise River. Its former president, Victor Cocotis, died last April. The bar has just been sold to a company affiliated with the developer of a proposed stadium nearby. The bar remains open. Hayley Harding hharding@idahostatesman.com

4. A Boise nonprofit will soon rent out four new homes, created from used shipping containers modified by Boise’s IndieDwell, as affordable housing. The houses will have four bedrooms and two bathrooms each and will rent for $843 a month, including utilities. Leap Charities is developing the complex at 10000 W. Shields Ave., off Old Horseshoe Bend Road.

Bart Cochran explains how Leap Charities attacks the housing crisis in Boise. One project will provide new homes for rent to low-income families.

5. Newly built homes in Nampa will soon get more expensive. The Nampa City Council approved increasing fees on new development that will raise the cost of building a new house by $3,678 and a new apartment by $2,629, starting in July. The costs, known as impact fees, are paid by developers on new construction to offset the cost of that growth borne by taxpayers.

CBH 1 Sonata Pointe subdivision in Nampa 3-9-19 IMG-3034 upright.jpg
Homes costing $250,000 or more are going up in CBH Homes’ Sonata Pointe subdivision on West Lone Star Road in Nampa. New city impact fees will raise the cost of building single-family houses by $3,678 each starting in July. David Staats dstaats@idahostatesman.com

6. You could soon rent a new, 350-square-foot efficiency apartment in Downtown Boise for $900 a month, or a two-bedroom apartment for $2,300 or more. Two more upscale, multistory apartment complexes are a step closer to being built in the Central Addition neighborhood west of WinCo Foods.

Boise Caddis 3rd Street corner view from CCDC 3-11-19 cropped jpg.jpg
An artist’s rendering of street life on the west side of the proposed Boise Caddis apartments looking south along 3rd Street toward Myrtle Street in Downtown Boise. Provided by CCDC

7. A bipartisan bill to remove the cap on Idaho’s homeowners’ property tax exemption has been introduced in the Idaho House by a pair of Treasure Valley legislators. The bill would resuscitate the former annual inflation adjustment on the value of the homeowner’s exemption. Under current law, half the value of a primary dwelling is exempt from property tax each year, up to $100,000.

8. A new county report lists several ways Ada County expanded in 2018 as its population grew 3.6 percent, to an estimated 471,000 people. The growth was the fastest in three years, thanks largely to people moving to the Boise area as its economy booms and the city keeps making best-of lists.

9. Four Nampa-raised brothers — Klint, Kim, Troy and Brett Keller — are building a 33,000-square-foot youth sports complex with four basketball courts, a dance studio, and a speed and agility center at 3001 E. Badger Drive, north of East Railroad Street in Nampa. The $3 million center, called Mettle Sports, is expected to open by fall. Klint and Kim Keller own dental offices in Nampa. Troy Keller is an attorney in Salt Lake City. Brett Keller has been CEO of Priceline.com since 2016.

Four brothers from a Nampa family are partnering to build a youth sports center with practice space for basketball, dance studios and a speed and agility center. Cap Ed Credit Union is financing the project.

10. After decades of local and touring performers, Tom Grainey’s Sporting Pub will pull the plug on live music at the end of March. It’s a business decision. “There’s just not a return on it anymore,” says Jason Kovac, who has owned Grainey’s at 109 S. 6th St. for nearly 11 years.

graineys2
Live music has been a longtime staple at Tom Grainey’s in Downtown Boise. Alex Couey Special to the Idaho Statesman

And three more for good measure:

After elevating Boise’s culinary ambitions since 2013, State & Lemp will close on March 23 at 2870 W. State St. Owner and chef Christian Phernetton, who bought State & Lemp in 2018, will rename the space Epek (a name derived from “epoch”) and revise its menu and approach.

Nicholas Jones ones launched his first two Good Burger locations in 2018 — a food-court restaurant at Boise Towne Square, and a small counter at Chow Public Market and Eatery at the Boise Spectrum. Now he’s opening more: a Downtown restaurant at 1003 W. Main St. and, in coming months, at 3143 E. Magic View Drive, Meridian, and 10889 W. Fairview Ave. in Boise (the former home of Zimm’s Burger Stache).

Ashley Syms plans to open a Downtown Boise breakfast-and-lunch restaurant this spring with a small menu, featuring items like avocado toast and six-minute eggs, at 111 S. 10th St., next to Good Burger and The Drop. The 1,300-square-foot A Cafe (stylized Ā Café) should be open by late spring.

Statesman reporters John Sowell, Hayley Harding, Kate Talerico, Michael Deeds and Chadd Cripe, and the Lewiston Tribune, contributed.

  Comments