Caldwell Economic Development for 2007
Caldwell Idaho is well positioned for economic development for the future. Commercial business growth has slowed due to the condition of the cool residential market but many good signs indicate Caldwell is well positioned when the real estate market sees improvement.
The new Title One building near downtown and the digital imaging facility at the sky ranch located east of Caldwell are wonderful and positive additions. The conversion of the former Idaho Athletic Club also added vacant office space to Caldwell.
A total of 276,422 square feet of industrial space in Caldwell is vacant and available for occupancy. Caldwell's vacancy rate stands at 12.5%. Most of this vacant space includes two large buildings which are vacant. Caldwell a lot of vacant ready for development which places it in a very good position for future development and expansion.
The major construction of the $25 million dollar Franklin Overpass east of Caldwell at I-84 is a massive reconstruction due to be complete in the fall of 2008. One of the most significant projects in Canyon County, the new overpass will upgrade the two-lane overpass at Interstate I-84 and the highway 20-26 with a six-lane bridge and longer ramps to reduce congestion.
Caldwell also saw continued work on Caldwell's Indian Creek Restoration Project which is uncovering and exposing many parts of Indian Creek as it flows through Caldwell.
Caldwell has become a major player in the commercial/industrial real estate arena and is well positioned to take advantage of the next round of strong economic growth.