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Developer signs deal to buy downtown Boise parcel

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BOISE, Idaho (AP) _ A Meridian developer says he has signed a
contract to buy a prime chunk of real estate in downtown Boise that
has been vacant for years.
Officials from The Gardner Co. say they have agreed to buy the
parcel on the corner of 8th and Main streets from Capps Holdings
LLC, which acquired the land in a foreclosure auction two years
ago.
Gardner Co. Chief Operating Officer Tommy Ahlquist said
Wednesday the deal hinges on resolving a handful of issues.
He says the company is doing a study to determine what kind of
project best fits the property.
The site has been vacant since 1987 and is nothing more than a
hollow pit. Financial and legal problems scuttled previous plans to
build a 25-story tower at the site.


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