When Boise Cascade closed its mill in Horseshoe Bend in 2004, putting all 15 of its employees out of work, those workers packed up and went to find work elsewhere.
But the Idaho Statesman reports today that a log home company is setting up operations on the former mill site, putting the locals back to work. That commercial enterprise is just one of several that are moving into a 17-acre commercial site, which is part of an overall $29-million redevelopment project in the Boise Valley known as the Riverbend Development. Those businesses are expected to add 30 jobs to the local economy.
Phase 1 of the Riverbend Development will build 56 homes, townhomes and rental units on 9.2 acres. Fourteen of those homes will be available to individuals earning less than $28,000 a year, and that affordable housing is made possible by a grant from the U.S. Department of Agriculture. Under the terms of the grant, the affordable housing units cannot be sold for more than $131,500, and closing costs are waived.
Phase 2 of the project, which is slated to break ground this fall, will consist of 29 homes in a gated community, where homes built overlooking the Payette River will start at $395,000. Phase 3 of the project will consist of townhomes with views of the Payette River and nearby mountains with construction scheduled to begin in the Fall of 2007.
Also planned as part of the project is a 19-acre commercial center, offering shops and other retail businesses and a 17-acre light-manufacturing complex.
Horseshoe Bend lies between Boise and the Tamarack Resort near Donnelly, offering workers a 20-mile commute to Boise, and folks seeking the recreational opportunities at Tamarack, about a 70-mile drive.