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  5. ›CITY of KETCHUM - REQUEST FOR PROPOSALS - TO DEVELOP COMMUNITY HOUS…

City of Ketchum·Idaho

CITY of KETCHUM - REQUEST FOR PROPOSALS - TO DEVELOP COMMUNITY HOUSING AT SOUTH YMCA AND/OR LIFT TOWER LODGE

Closes 4/11/2025$100M – $400MRequest for ProposalLogin required
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Description

The City of Ketchum is seeking proposals for the development of community housing on two city-owned properties: the South YMCA lot and the Lift Tower Lodge lot. The city aims to preserve or construct 600-900 housing units in the next 10 years, with a focus on community housing. The development team should have experience in producing deed-restricted community housing developments and knowledge of Idaho State laws and regulations. The city is offering long-term ground lease structures with no fee-title disposition of the property intended. The selected development team will work with the city to complete the final preferred development plan, associated financing plan/timeline, and a long-term ground lease. Some key aspects of the proposal include: • Providing mixed-income community housing, primarily for families at the South YMCA site • Providing Community Housing for a mix of families and small households across a wide range of income levels at the Lift Tower Lodge site • Meeting design goals, such as achieving a design concept that seamlessly integrates the development into the surrounding residential neighborhood • Utilizing Green Building standards to promote positive environmental outcomes and lower energy burden for occupants • Providing adequate vehicle parking, bike parking, and storage for each unit The city encourages innovation and creativity in design and programming to create unique projects that showcase the benefits of public-private partnerships.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Trent Donat(City Clerk and Business Manager)

[email protected]

(208) 806-7010

Key dates

Opened
3/6/2025
Pre-bid meeting
3/13/2025
Closes
4/11/2025
Projected award
5/1/2025

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531110
Solicitation №
2025-008

Budget estimate

$100,000,000 – $400,000,000

The budget for this project is difficult to estimate, as it depends on various factors such as the number of units, unit prices, and funding sources. However, considering the city's goal to preserve or construct 600-900 housing units in the next 10 years, the project could potentially involve significant funding. Assuming an average cost of $200,000 to $500,000 per unit, the total project cost could range from $120 million to $450 million. The city may provide some funding for public infrastructure, but the majority of the funding will likely come from private sources. The selected development team may need to secure funding from various sources, including loans, grants, and investments. Given the complexity of the project and the involvement of multiple stakeholders, the budget could be substantial, potentially in the range of $100 million to $400 million.

AI estimate from the solicitation

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