Subdivision Shows Sign Of Recovery - ABC FOX MONTANA NEWS, WEATHER, SPORTS - KTMF/KWYB

Subdivision Shows Sign Of Recovery

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KALISPELL - A Kalispell subdivision begins to bounce back from the recession, and city council members lend a helping hand.

On Monday, the council approved Silverbrook Estates' plan to divide out 35 quarter-acre lots from a big chunk of land they own and intend to build on sometime in the future. These new smaller sections are ready for development.

When the economy tanked in 2008, broker Larry Sartain says they consolidated almost 100 of the lots they were planning to build on into one.

This way they managed to save on taxes, since they were paying on each parcel.

The plan got only one no vote.

"Quite frankly," said Sartain, "I don't really understand that because why would you not want 35 more lots contributing to the revenue of the city?"

Sartain says he expects to keep going back and subdividing out more lots for future homes as the housing market keeps picking up.

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