The Washington Boulevard Redevelopment Project Area was established in June 1983 and encompasses 38.04 acres in downtown Ogden. This Area was established to facilitate continued growth in Ogden's downtown commercial district.

With assistance from several funding sources, the RDA has been involved in multiple revitalization projects in this Area. The debt in this Area is really a series of separate projects and transactions occurring from 1984 to the present as part of an ongoing effort to redevelop a portion of the Central Business District. The initial debt was incurred to assist the development of the State Regional Center and Juvenile Courts Building projects. It included loans of $750,000 from a group of local banks, $250,000 from the Ogden Industrial Development Commission (OIDC), and $785,000 from Ogden City's CDBG funds. The loan from Ogden City was to be repaid from both land sales and tax increment revenues.

In addition to this debt, the Agency borrowed from the City $124,754 to acquire a commercial parcel needed for the City Centre (Thiokol Building) project and $70,000 for demolition purposes. Further, the Agency borrowed $500,000 from OIDC and $750,000 from the City's Refuse Fund for improvements to the Kiesel Avenue Parking Structure. As part of the City Centre project, the Agency also invested in the project a parcel valued at $200,000.

The total amount of this other City loan was $563,215, of which the remaining $63,215 was applied against the $1,300,000 purchase price of the White City Bowl property. The balance of the funds needed to make the remaining payments for the White City Bowl property came from the sale of the Agency's Mountain Road property to the City's Refuse Fund.

During the start-up years of the Washington Boulevard Area the RDA borrowed City funds to cover interest payments on outstanding notes. The current total amount owed to the City is $3,403,896. The Washington Boulevard Area is presently generating sufficient tax increment revenue to meet its contractual obligations and to begin repayment of the RDA's loan from the City.

***CDBG provided 49.43 percent of the financing for this District