How Does LCDC Select Projects to Fund?
The LCDC Board selects projects to fund based on their ability to create a “public benefit” for the community. A few examples: One LCDC partnership project may create public benefit by increasing the number of residential units in a key area within a redevelopment district. Another LCDC partnership project, like the Coeur d’Alene Public Library, creates public value by becoming a great public gathering place for the community, which thus incents additional investment by the private sector (key redevelopment tenet: private investment follows public investment). Another LCDC partnership project, like the Riverstone development, creates public benefit by reclaiming an old sawmill (brownfield) site and creates a mix-use environment providing entertainment, shopping/restaurants, new public space (park & pond) and residential amenities for the community.
