HomeMy WebLinkAboutFY2027 URD Work Plan-Commission-PPDOWNTOWN URBAN RENEWAL
DISTRICT
FY2027 Work Plan and Budget
City Commission –May 12, 2026
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 FY26 year-end balance of just over $11 million, with projected FY27 revenues of just under $3 million, totaling just under $14 million of funding available. The following outlines notable programs, projects, and associated expenses for FY27.
•The FY27 expenditures along with encumbered and allocated funds, total $9.7 million with an estimated FY26 year-end balance of $4.3 million.
DURD Management & Operational
Support
•Downtown Bozeman Partnership FY27
Management Fee: $270,600
•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: FY27 $71,000
Notable DURD Infrastructure
Projects
•Park Improvements - $100,000
•Ongoing Improvements of Soroptimist
•District Streetscape – Benches, Bike Racks, Ped. Lights,
Trees/Guards/Grates
•Completion of I-Ho Park
•Parking Garage Bond Payments (through 2032) -
$335,000
•Parking Supply: $5 million allocated
•Fire Station One Workforce Housing Funding: $1.6
million encumbered until Oct. 2027.
•Additional projects and investments include:
•Bozeman Creek Improvements - FY28 Project
•Wayfinding and Parking Signage Improvements
•Alternative Transportation & Pedestrian Safety
Improvements – a focus on Babcock and Mendenhall
Notable DURD Planning Projects
•Soroptimist Park Improvement Planning:
$50,000
•Wayfinding Plan and Parking Signage
Development: $20,000 - seeking additional grant
funds in FY27/FY28-implementation
•Additional Infrastructure and Improvement
Planning projects include: $350,000
•Downtown Public Realm Plan, 2032 Sunset
•Special Improvement Lighting District (SILD)
•Wayfinding Plan Development
•Complete Blights Study--Potential DURD
Expansion into Federal Building Site
•Finalize 3-5 Year Parking Vision/Action Plan
•Parking Site Planning, Parking Data Collection to
direct future infrastructure project
Current DURD Grant Programs
•Public Infrastructure/Utility Grants
(sewer, water, electrical, lighting, fiber):
$1.5 Million –
•A revamped DURD program designed to
accommodate larger-scale public
investments.
•Residential Incentive Grant Program:
$100,000 ($100k encumbered FY26
grant apps)
•Technical Assistance Grant: $75,000
•Art Enhancement/CPTED-Crime
Prevention Through Environmental
Design Grant: $40,000
DOWNTOWN URBAN RENEWAL
DISTRICT
Fostering an Economically Thriving Downtown
Contact: ellie@downtownbozeman.org
www.downtownbozeman.org