The Tax Increment Finance Advisory Board discussed draft scoring criteria for evaluating future development projects in the North Park industrial district, which has remained largely undeveloped since its creation roughly a decade ago. URD Program Manager David Kamp presented a point-based matrix designed to align proposed projects with the district's urban renewal goals: promoting value-adding commerce, creating jobs, fostering public-private partnerships, and generating tax revenue. The district, situated between Interstate 90 and a state highway, faces significant infrastructure challenges and access barriers that have deterred industrial development despite Bozeman's efforts to attract employers to the area.
The board focused considerable discussion on how heavily to weight infrastructure investment relative to other goals. Kamp argued that infrastructure should receive the highest priority, noting the district risks "getting 100% of nothing" without a developer willing to front costly improvements like signalized intersections. Board Member Julien D Morice questioned whether the current 3-point weight for value-adding industries was too low, pointing out that Bozeman is losing service businesses like muffler shops to cheaper locations elsewhere. Kamp acknowledged the concern and indicated the board should consider whether capturing such businesses in this park aligns with city priorities.
Board Member Mike Waterman inquired about future access points, and Kamp mentioned early-stage discussions with the Montana Department of Transportation about potentially reorienting the North 19th exit. He also noted property consolidation in the district, with York Developments now holding a master lease on much of the land. This was a discussion-only item; staff will incorporate board feedback and return with a revised version for formal action at a future meeting.