This story has been updated to include the City Council’s July 8 decision to annex the development site.
A proposed development would greatly expand Cascade, a city of about 1,000 people along Lake Cascade about 80 miles north of Boise.
The River District subdivision also would provide much-needed homes for employees of a planned gold mine in Valley County, a mine representative says.
The latest version of the River District, planned by Cascade residents Phil and Josh Davis of Cascade River LLC, proposes 475 homes on 121 acres of grazing land northeast of Cascade Airport along the North Fork of the Payette River. Cascade, the Valley County seat, would annex the land.
The development would have 158 estate lots, 10 cottage lots, 47 townhouse lots and 51 multfamily lots consisting of 47 fourplex lots and four apartments with 16 units each. It would be built with two entrances from the east side of Idaho 55.
The developer’s plans also include 12 commercial lots close to the highway.
About 130 employees of Midas Gold are expected to move to the Cascade area if the company’s proposed gold mine near Yellow Pine moves forward, Midas Gold Idaho Community Relations Manager Belinda Provancher told the Cascade Planning and Zoning Commission in June.
Midas is seeking to mine gold and antimony in Stibnite, a historic mining district about 50 miles northeast of Cascade. Midas said last year that it plans to invest $1 billion and will create 1,000 jobs, and an annual direct and indirect payroll of $55 million.
The Cascade Planning and Zoning Commission on July 1 recommended approval of the project, which was formerly known as Cascade River Ranch. The City Council approved the annexation on July 8.
Idaho Statesman Business Editor David Staats edited and contributed to this story, which is based primarily on reporting by The Star-News in McCall.