NEW VIDEO HIGHLIGHTS HOW URBAN RENEWAL WORKS HERE IN CDA

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We've seen the successes. The Kroc Center. Riverstone development. Higher Education Campus. New downtown library.

The citys urban renewal agency, the Lake City Development Corporation (LCDC), played an integral role in all of these projects. But where did the money come from to help support these progressive community endeavors?

Take a few minutes and we'll help you understand.



As part of its ongoing commitment to public transparency and open communications, the Lake City Development Corporation has produced a brief educational video that is now available. The video includes comments from community citizens, including local business owners, and LCDC Chairman Denny Davis. It also details how urban renewal works through a process called tax increment financing.

This video is not a sales tool. Instead, it is the LCDC's effort to clear up misunderstandings about the agency's work, shed some light on our mission and respond to frequently asked questions about urban renewal funding with easy-to-understand factual data, graphics and comments.

A link to the video will be available on the agency's website, lcdc.org. It will also be included on our Facebook page. The LCDC has developed two versions. A brief 3-minute video and a more comprehensive 7-minute video.

Producer Eden Irgens said the video provides an important community service.

"I came up with the idea because there are a lot of misconceptions about the Lake City Development Corporation and urban renewal," said Irgens, co-founder of the Coeur d'Alene-based marketing firm Range. "We tried to take the science of urban renewal and show through a visual concept how it works."

Dave Patzer, chairman of the LCDC's Communication Committee, said the video is a means to educate the public on urban renewal.

"We decided this was an important project to continue our commitment to transparency and convey to people in the most understandable way the message of tax increment financing and specifically the goals of the Lake City Development Corporation," Patzer said.

Via, Lake City Development Corp.