The Missoula Redevelopment Agency on Monday released a request for proposals, seeking a qualified consulting firm to begin gathering public input regarding the 8-acre property's future use.
A number of properties owned by the City of Missoula could be redeveloped in a public-private partnership to help meet its goals around housing and commercial growth.
Over the last five years, the Missoula Economic Partnership has emerged as one of the city's strongest economic development arms in its work to expand Missoula's tax base, grow and retain businesses, and help the city achieve its redevelopment goals.
A Northside housing project set for construction in the coming weeks will gain one additional income-restricted condominium under an agreement approved by the Missoula Redevelopment Agency on Thursday.
A development team selected by the city last summer to redevelop the old library block continues to conduct due diligence on the property as it explores potential uses.
With one of the city's urban renewal districts set to expire in the coming years, the Missoula Redevelopment Agency is working to complete a number of priorities, including the completion of water mains and sidewalks.
After years of waiting for the private market to redevelop 10 prime acres of real estate near Southgate Mall, the city may look at buying the property and redeveloping it on its own.
The Missoula Redevelopment Agency pitched the city project to the Montana Board of Investments on Tuesday and was granted a bond worth $2.8 million under a new state program.
The City of Missoula has wrapped a number of downtown transportation projects into one bucket and is directing a $25 million federal grant, received last year, to fund the work.