At the time of the creation of the Ketchum Urban Renewal Agency, the City identified those geographic areas of Ketchum that were in need of improvement. Those sites were included in one urban renewal district, also known as the Revenue Allocation Area. That area includes properties generally in the downtown area and in Warm Springs, and was expanded in 2010 to include the property affiliated with the River Run Annexation.
By law, the current assessed value of a Revenue Allocation Area, when it is created, CANNOT exceed 10% of the assessed value of all City taxable property. In 2010, the assessed valuation of Ketchum’s taxable property was $3,367,830,238 and the assessed valuation of the Revenue Allocation Area was $330,773,455 – just under 10%.