Downtown URD Board Meeting

The Downtown Bozeman Urban Renewal District (URD) will foster an economically thriving District that:

1. attracts investment;
2. stabilizes and strengthens the tax base; and
3. supports the vitality and diversity of the Gallatin Valley as its social and cultural center.

The URD was created to fund the implementation of the 1995 Downtown Bozeman Urban Renewal Plan. The URD board is appointed by the Mayor with City Commission consent. The URD is financed by the annual increase in the district’s tax base since 1995. As mandated by the Montana Code, the URD invests in infrastructure projects that add long-term value to the district.

Downtown URD funds are specifically used to improve public infrastructure in our downtown district specifically through extensive planning and needed improvements. URD monies fund the historic street lamps, benches, trash receptacles, and bike racks along Main Street. The URD is the major funding source for the Downtown Parking Garage, which opened in April of 2009 and continues to pay the monthly bond payment through 2032.