What is the Lake City Development Corporation?
The Lake City Development Corporation (LCDC) is an independent public redevelopment agency serving the city of Coeur d’Alene, Idaho. The LCDC was established by City Council in 1997 and currently has two redevelopment districts: the Lake District (established in 1997); and the River District (established in 2003). Both districts have a 24 year term, with the Lake District scheduled to close by 2021; and the River District scheduled to close by 2027. Districts can be closed once district redevelopment activities are completed and any debt issued to finance the district’s redevelopment is retired. The LCDC is led by a volunteer Board of Commissioners comprised of community leaders appointed to five year terms by the Mayor and approved by the City Council.
