HomeMy WebLinkAboutFY2026 URD Work Plan-Commission-PPDOWNTOWN URBAN RENEWAL
DISTRICT
FY2026 Work Plan and Budget
City Commission –May 6, 2025
Downtown URD Mission
On November 6, 1995, the City Commission passed Ordinance 1409 adopting the Urban Renewal Plan for Downtown Bozeman and thus establishing the Downtown Urban Renewal District (DURD).
The district will expire with retirement of the garage construction bond in 2032.
The Mission of the DURD is to foster an economically thriving district that:
1.) attracts investment;
2.) stabilizes and strengthens the tax base; and;
3.) supports the vitality and diversity of the Gallatin Valley as its social and cultural center.
Downtown URD Funding, Revenue & Spending
•The 1995 Downtown Urban Renewal Plan established the taxable base value
of the district. For the life of the district, property taxes levied on the base
value are distributed to the taxing entities per Department of Revenue mills.
All revenues from the growth above the base value are distributed to the
district to fund urban renewal projects. 2011 Interlocal Agreement returns
pro-rata portions of increment to Gallatin County and Bozeman School
District #7.
• The Downtown URD anticipates an FY25 year-end balance of $7.25 million, with projected FY26 revenues of $2.66 million, totaling just under $9.9 million of funding available. The following outlines notable programs, projects, and associated expenses for FY26.
•The amended FY26 expenditures along with encumbered and allocated funds, total $9.7 million with an estimated FY26 year-end balance of $183,027.
DURD Management & Operational
Support
•Downtown Bozeman Partnership FY26
Management Fee: $251,000
•The Downtown URD is one of the three
member organizations of the Downtown
Bozeman Partnership (DBP), alongside the
Business Improvement District (BID) and
Downtown Bozeman Association (DBA).
•This management fee pays for a portion of
the operating costs for the downtown
office including payroll expenses.
•The Downtown Partnership is also the
downtown Bozeman branding, marketing
and communication arm.
•City of Bozeman Economic Development
Staff Support: FY26 $64,300
Notable DURD Infrastructure
Projects
•Parking Garage Bond Payment: $335,000
•Public Utility Infrastructure Improvements (sewer,
water, electrical, lighting): $1 Million
•Park Improvements, Street “Furniture” and I-Ho
Peace Park - $250,000
•Parking Supply: $5 million allocated
•Fire Station One Workforce Housing Funding: $1.6
million encumbered
•Additional projects and investments include:
•5th & Main Lighting Project
•Wayfinding and Parking Signage Improvements
•Pedlet Program (NEW in FY26)
•Streetscape Infrastructure Improvements
Notable DURD Planning Projects
•Utility Infrastructure Improvement Planning:
$50,000
•Bozeman Creek planning (aimed at mitigation and
flood control in the DURD) - $50,000
•Side-Street/Main Street Streetscape Preliminary
Engineering - $50,000
•Wayfinding Plan and Parking Signage
Development: $10,000 (seeking additional grant
funds in FY25/26)
•Additional planning projects include;
•Pedlet Program – formally adopt
•Parking Site Planning, Parking Data Collection
to direct 3-5 Year Vision/Action Plan
•Alternative Transportation improvements
(along Babcock & Mendenhall)
Current DURD Grant Programs
DURD Grants are funding opportunities for
private projects to make public
improvements:
•Residential Incentive Program: $400,000
($200k encumbered FY25 grant apps)
•Technical Assistance: $70,000
•Streetscape Assistance: $100,000
•Life-Safety: $60,000 Art
Enhancement/CPTED-Crime Prevention
Through Environmental Design Grant:
$40,000
•Fiber Connectivity: $10,000
DOWNTOWN URBAN RENEWAL
DISTRICT
Fostering an Economically Thriving Downtown
Contact: ellie@downtownbozeman.org
www.downtownbozeman.org