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Posted 24 Feb 2001   For week ended July 02, 2000
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News about Mormons, Mormonism,
and the LDS Church
Sent on Mormon-News: 29Jun00

Summarized by Kent Larsen

BYU-Idaho Announcement Leads to Rexburg Land Boom
(Ricks College plans inspire developers)
Spokane WA Spokesman-Review (AP) 28Jun00 D3
Associated Press
County and city offices flooded with inquiries

REXBURG, IDAHO -- The announcement that the renamed Ricks College will be a four-year institution has touched off a scramble among developers for land near the college. In the week since the announcement, city and county offices have been flooded with calls from Utah, Colorado and Idaho real estate developers trying to provide housing for an expanding student body.

Rexburg City Clerk Marilyn Hansen reports that more than 30 developers have received copies of the city's zoning map and information about the zoning rules. The City Assessor has also received requests for information about who owns parcels of land. "They want zoning maps," Hansen said. "Then they want to know who owns the land, so I send them to the assessor's office."

Real Estate agent Sally Smith of Century 21 says that some of those with property for sale in the area have already raised their asking prices, following the news, "I haven't seen an immediate effect on housing in Rexburg like this since the flood," said Smith, who has been a real estate agent since 1979. "This is the best thing to happen to the housing market here in a long time."

The developers are mostly interested in areas around the campus and land that is zoned for high-density residential buildings. But, LDS Church and school officials have not yet said how many more students will attend the school as it becomes a four-year institution.


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