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URD board rehearses $5M-plus allocation for infrastructure and parking, debates interest strategy
Summary
During its budget review the Downtown Bozeman URD board discussed reallocating a sizable unallocated balance toward utility and streetscape infrastructure, parking priorities from a recent working group, and whether idle URD cash should earn higher interest or be placed in short-term CDs or a revolving loan fund.
At the URD board meeting staff reviewed an amended fiscal year 2026 draft budget and described allocations and prioritization for infrastructure, parks and housing incentives.
Executive Director Ellie said the board is considering increasing funding for several downtown infrastructure priorities to be ready to assist or partner with development projects that require public‑infrastructure work. Specific line items discussed included $400,000 for utility and infrastructure improvements tied to phase work on the Fifth and Main lighting project, a proposed $250,000 allocation for Iho Peace Park (staff said the project was about $100,000 short),…
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