1. Market Square on Russell Intermountain Development Company, Inc.

2. Project Site 12.05 acres Property Boundaries Project Area of Interest
Russel l
Street
Wyoming Street
Catlin Street
Property
Boundaries
Project Area of Interest
Project Site
12.05 acres
Silvercrest
Residence
South 3rd Street

3. IDC Objectives with Market Square on Russell
Opportunity to provide housing for many income groups
Affordable Housing Units
Market Rate Units +/- 175 Units
Create Long-term Income Stream to Support Housing
Sound Urban Redevelopment with true in-fill
Integrate into Neighborhood (park, trails, transit, etc.)
Guide Russell Street’s Future
Innovate: Live/work Opportunity, Multi-use, Multi-income
Protect IDC and Others’ Investment

4. Planning History 2003 Charrette
Connections with Neighborhood Council Leadership Team
MMW providing design and planning guidance

5. Market Square on Russell
Next Steps
Complete Site Planning Design
Refine Use Mix
Identify Parcels and Establish Phasing
Establish Design Standards
Submit Zoning Application
Begin Marketing
Locally
Regionally
Demolition/Deconstruction of Improvements
Recycle and Re-use materials
Contain Costs
Environmental sensitivity

6. Market Square On Russell
Key Design Considerations
Taller Buildings on Russell Street
Create “downtown” flavor
Mixed Uses—retail with office and residential above
Setbacks to establish “street-wall” and architectural texture
Walkability
Build Over Parking
Uses land twice
Avoids surface lots
Costly
Park (over Parking) for Caras Park-type uses
Unique
Convenient
Community Center
Meeting rooms and offices
Post Office
Bus Transfer Center

7. Market Square On Russell
Residential Considerations
True Mix of Incomes, Housing and Ownership Types
Affordability
Condominiums as a Housing Option
Market Demands

8. Market Square On Russell
Infrastructure Needs Which are Eligible for
Tax Increment Financing:
Streets, Sidewalks, Curbs, Gutters
Sewer, Water, Gas, Electric
Parking
Park

9. Market Square On Russell
Proposal for Tax Increment Bonds
Series of up to four issuances
Based on Phases of Project
Tied to performance of previous Phases
Each issue a “stand alone”
Details and structure to be determined in coming months with an aim to issue first bonds before the end of the calendar year.

10. Market Square On Russell
Test Schematic
Possible Phasing Schemes

11. Market Square on Russell
For further information contact:
Geoff Badenoch, Project Manager
Intermountain Development Company, Inc.
th St.
Missoula, MT
Tel fax