Historic Boise East End market in limbo of possible sale

Historic Boise East End market in limbo of possible sale

Credit: Zach Stotland/ KTVB

Historic Boise East End market in limbo of possible sale

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by Andrea Lutz

Bio | Email | Follow: @KTVBandrealutz

KTVB.COM

Posted on January 29, 2013 at 11:53 PM

Updated Thursday, Dec 5 at 5:06 PM

Roosevelt Market

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BOISE -- A landmark in Boise's East End could change after recently being listed for sale. 

The historic Roosevelt Market, which quaintly sits on Elm Street in Boise’s East End, is in jeopardy according to co-owner Susan Wilder. She says the building has been put up for sale.

As Wilder explains, the Roosevelt Market itself is not for sale, just the white building the market sits in.

“The building itself has gone up for sale and there is no way that Nicki and I can afford it,” said Wilder.

The current owners acquired the business in early 2004, but the market has been there since the early 1900’s.

The market and its building has served as a fond childhood memory for many Roosevelt Elementary School children who, still to this day—frequent the market before and after school to buy candy and socialize.

Wilder says a potential buyer could obviously do whatever they want with the property; they could even push the market right out of business and open something new in its place.

But she says, there might be a solution.

“It would be nice to have it be community owned,” said Wilder.

They want to get community donations and pledges to get a trust together to make the Roosevelt Market community owned--and fight the risk of losing it.

This would take the action from the nearby community to save the market and that is what a local group is hoping can happen.

Tuesday, KTVB found some regulars who would be willing to chip in and do just that. 

Nearby residents, Judy Cook and Walt Appel along with their dogs-became good friends by meeting at the Roosevelt Market

“I come in for coffee and buster gets a free biscuit,” said Appel. “It’s just a wonderful neighborhood asset.”

For Judy-the market is even more than just a place to grab some hot cocoa—which we found her drinking at a front sitting window. 

“A lot of my socializing took place outside of the neighborhood up until five years ago,” Cook explained.  “My husband died and so I started coming here and found a whole new family.”

Both said they would do whatever they could to save the market, because it means so much to them.

“If I can give some money, I will do that,” said Cook.

Information about how neighbors can help can be found at the 'Save Roosevelt Market' blog.

According to the site, there are a few realities for the future of the Roosevelt Market:

  • Raising funds to purchase the building and hold it in a neighborhood trust, which would lease space to the Market.
  • Another option is for one or more new investors to purchase the building and continue to make it available for use as a market.
  • Or, they can sell shares in the market for a set price; individual shareholders would get one vote, regardless of the number of shares held. Shares could be bought and sold, and bylaws would govern various aspects of trading.

Regardless, Wilder is staying hopeful because she believes the right thing will happen. She wants to see the market stay for future generations to make memories.

She is also confident those who love the market will help.

“Well we just want to have everybody come out and support us,” she said. “Let’s keep the market here.”

Folks who love it do not want the Roosevelt Market ending up like the North End's Hollywood Market did in 2011.

It became an end of an era--when its owner, Margaret Lawrence, passed away and no one was able to pick up the business the way it was before.

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