What is LCDC
LCDC is a public entity
LCDC is not a taxing entity, and thus does not levy property taxes
LCDC uses a portion of property taxes collected by taxing entities within certain "district areas to fund projects benefiting the public
LCDC does not raise property taxes; LCDC's impact are "neutral" to the property tax payer
History of Lake City Development Corporation (LCDC)
LCDC, Coeur d’Alene’s redevelopment agency, was created in 1997 by the Coeur d’Alene City Council. The LCDC Board is comprised of nine volunteer commissioners appointed by the Mayor and approved by City Council. The LCDC’s original redevelopment district, now referred to as the Lake District, encompasses 729 acres including portions of downtown, midtown and areas bordering Northwest Boulevard. The planned life (or term) of the Lake District is 24 years, with a planned district sun set of 2021.
In 2003, the LCDC Board recommended, and City Council approved, the formation of the LCDC River District. The River redevelopment district encompasses the area between Interstate 90 and the Spokane River, extending from the Riverstone West development west to the City of Huetter. This district encompasses 363 acres, with a planned term of 24 years, sun setting in 2027.
