BOISE -- What was once supposed to add toBoise's skyline has for years been a hole in the ground and it could remain that way until the economy turns around.
A developer wanted to build a tall building for both commercial and residential use at the corner of8th and Main streets. But it continues to sit as a pile of dirt surrounded by a wall.
It's an eyesore, said David Garcia of Boise.
The land has changed hands several times and now belongs to a California developer.
Last summer he wanted $3.95 million. No takers.
According to his agent at Grubb & Ellis in Eagle, the price is now higher but she will not disclose how much.
It's prime real estate. It's an excellent location in the heart of the city said Boise developer Scott Kimball.
Kimball says in a healthy economy the original project would have been a successful venture.
But now, he says, developers would consider it a gamble.
If somebody bought it today they would probably have to work two to three years both get financing and re-permitted through the city. Once that s done, I think there's probably a two to three year construction period. So it's probably a six-year wait, even if it starts today, Kimball said.
Lil Kurek, who owns a business across the street from the hole, wants to see a change.
Let's face it. Look what we look at day in day out look what it could have been. They made such a big hoopla of building this 26-story building and that was10 years ago, said Kurek.
The city's downtown urban renewal agency knows it could be a profitable location.
Despite this, neither CCDC or the city want it and say the land is better left in private hands.
It's got to be a premier site for somebody to do something. I think maybe the original ideas may have been more significant than the marketplace could accommodate at the time, but I think eventually it could be a site for a major project, said Phil Kushlin of the Capital City Development Corporation.
We need more high rises downtown. We need more people living downtown. It supports the merchants and the restaurants and that's what Boise really needs, said Kimball.
Plenty of people had ideas on what they would like to see here.
Some suggested a farmer's market, park or amphitheater. All those we spoke to said they would like to see something that adds to Boise's downtown atmosphere.