Former Boise Tower site to go up for auction next month

Former Boise Tower site to go up for auction next month

Credit: KTVB

The former Boise Tower site at 8th and Main streets in downtown Boise is scheduled to go on the auction block April 7.

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by KTVB

KTVB.COM

Posted on August 15, 2009 at 4:33 PM

Updated Wednesday, Oct 14 at 1:10 PM

BOISE -- Foreclosures seem to be everywhere, but a big one that could mean a new beginning for an old project.

An attorney for the Capital City Development Corporation confirmed that the Boise Tower site will be on the auction block on April 7th.

A bankruptcy judge gave the go-ahead for the downtown Boise property at 8th and Main streets to proceed to auction.

The minimum bid based on what's owed to the principal lender is $2.5 million plus interest, attorney's fees and other costs.

The proposed skyscraper has faced one financial roadblock after another and has been stalled for more than a decade.

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