• Schweitzer 2014

    Schweitzer Mountain Resort

  • Schweitzer 2014

    Schweitzer Mountain Resort

  • Sand Creek

    Allison Wildman

  • Downtown Sandpoint

    Allison Wildman

  • Lost in the 50s

    Aaron Qualls

  • Powerhouse Rainbow

    Aaron Qualls

  • Schweitzer Outback Boal

    Schweitzer Mountain Resort

Urban Renewal

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How Sandpoint Urban Renewal relates to the SAC and public Art

In 1985, the Idaho state legislature adopted the Local Economic Development Act which authorized the use of tax increment financing. Under tax increment financing, the increased taxes generated by increased property values in the URA are used to pay for public improvements, “in and other revitalization activities in a portion of that area known as the Revenue Allocation Area (RAA). At the time an urban renewal district is formed, the county assessor establishes the current value for each property in that RAA. This value is referred to as the “base” value. Over time, as both public and private dollars are invested and development occurs in the area, property values rise. The increase in value over the base is called the “incremental” value, or increment. The taxes generated by this incremental value are shared by the school district and the urban renewal agency. This tool is being used by 39 other urban renewal agencies throughout the State to fund urban renewal.

Once the Urban renewal fund is well established the SAC will partner with the Urban Renewal Board to utilize the five percent being allocated to public art to build Sandpoint’s Art Inventory.

Urban Renewal Mission, Benefits, and Issues

SURA Board Vision

The SURA Board vision is to see Sandpoint as a flourishing community where our beautiful natural environment is combined with a healthy economy and strong infrastructure to provide the citizens a safe and desirable place to live.

SURA Board Mission:

The SURA Board mission is to leverage and promote public/private partnerships and investment within the renewal districts to provide:

  • Strategic economic vitalization of our downtown, industrial and commercial areas
  • Enhancement of Public Art

Benefits of the Northern Urban Renewal Area (URA)

  • No alternative sources of revenue are available for the reconstruction of Great Northern and Woodland Drives which was identified as a priority for City
  • Promotes job creation
  • Investment in infrastructure will yield stronger tax base
  • West side arterial route will improve ease of transit for citizens of City and County

Potential Benefits of Downtown (URA)

  • Provides an additional source of revenue to implement the remaining phases of the downtown revitalization project as described in the downtown revitalization plan prepared by Tom Hudson. This project has been identified as a priority for the City
  • Better prepares downtown for potential changes
  • Promotes downtown commerce
  • Improved quality of life for citizens of City and County
  • Enhanced public parking

Available Tools

In 1985, the Idaho state legislature adopted the Local Economic Development Act which authorized the use of tax increment financing. Under tax increment financing, the increased taxes generated by increased property values in the URA are used to pay for public improvements and other revitalization activities in a portion of that area known as the Revenue Allocation Area (RAA). At the time an urban renewal district is formed, the county assessor establishes the current value for each property in that RAA. This value is referred to as the “base” value. Over time, as both public and private dollars are invested and development occurs in the area, property values rise. The increase in value over the base is called the “incremental” value, or increment. The taxes generated by this incremental value are shared by the school district and the urban renewal agency. This tool is being used by 39 other urban renewal agencies throughout the State to fund urban renewal.