This is the attachment given to the County Commission regarding on how to spend our $22 million.
Hi, I’m Chris Brizzolara, a candidate running for mayor this November in Bozeman, and I want to talk about how the county commission first came up with the idea to spend it on the courts. On the courts?! I want to swear because I am so frustrated…Do you not live in Bozeman and see the housing crisis?
Only 958K dollars were designated to helping the housing situation in the 2021 approved budget for Bozeman. That’s only 1.36 houses at our city’s average price of 700K.
Also, I do not understand how the federal government can give our county 22 million dollars to give back to us the people, and your first ideas were to expand the courts.
Well…I am really happy this idea was denied, and I have attached a sample of my plan to spend this money developing 2 subdivisions and selling the plots back to locals citizens for 50 thousand dollars each.
Currently the cheapest lot for sale in town is on Kagy for $260,000 at 0.3 acres.
My proposal is to buy the land via eminent domain that I regard as Cat Tail Lake Subdivision, approximately 400+ acres of farmland on the Western Border of Belgrade and Bozeman, and split this up to over 800 1/2 acre plots sold to citizens only. The city should buy the land, host an architectural competition online, and then set up a revolving loan fund focused on single family home mortgages and construction loans.
The model city I’m basing this idea off is Denver, and it launched an extremely efficient fund that started in April 2013. They were able to use a $15 million grant to:
• acquire 8 properties,
• create 626 affordable homes,
• provide over 120,000+ sq ft of commercial space,
• and then grew that initial 15 million to over $200,000,000 from public, private and nonprofits partners in only 3 years! It also created over 700 jobs in Denver in only 3 years!
My proposal, the Build by Bozeman proposal, has 22 suggestions, and the first two subdivisions attached in this packet alone, have the potential to grow the new city revolving loan fund by over 135 million dollars in less than 10 years.
I have a master’s in architecture, wrote my thesis on an affordable housing subdivision proposal in Steamboat, CO, work for a firm in town, have my own LLC, and offering to manage both the design competition as well as the development of this project. Please let me be involved in this process, because all I want to do is offer cheap lots to our citizens with our own taxpayer money.
But to summarize, in 15 years, expected gross total income in the city’s revolving loan fund could mature to be about 322 Million – 624 million dollars. This would supply the valley with over 500 million dollars in new, single family homes, and provide hundreds of jobs to locals as well as over 1,800 new homes.
Additionally I have designed over 360+ acres for what I call Bozeman’s Central Park, and over 690 acres will be given back to the people in the form of affordable $50,000 1/2 acre lots with the option to obtain financing through the city’s new revolving loan fund.