Post-fire limbo difficult for building owners in Idaho City, Boise - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
January 21, 2016 Newswires
Share
Share
Post
Email

Post-fire limbo difficult for building owners in Idaho City, Boise

Idaho Statesman (Boise)

Jan. 20--Law enforcement officials haven't charged anyone in connection with an arson fire that destroyed the iconic Idaho City boardwalk last June. But the owners of the building have removed the debris and settled with their insurer.

"When we were in the middle of it, it felt like it was never going to happen," said Toni Barrett, co-owner of the property with her husband, Randy.

That's a feeling that Lori Porreca and Miguel Gaddi know too well. The couple has been in limbo since a Sept. 5 fire ravaged their Boise International Market, which housed at least 16 small businesses.

"The most unnerving or stressful thing is this amount of uncertainty," Gaddi told the Statesman last fall. "You don't know how long the tunnel is and when you're going to come out the other end."

In early January, investigators announced that they believe the market fire, too, was intentionally set.

"The arson thing was pretty devastating," Gaddi said Monday. "Knowing that somebody out there, for whatever reason, was willing and able to do this. That's a lot more worrying ... How will this play on potential partners and others considering being part of the second iteration [of the market]? Is this something that instills fear or concerns?"

"Not a day goes by that it [doesn't] cross my mind -- the why, the who," he said.

Boise police are investigating the fire. Police spokesman Ryan Larrondo said Wednesday he couldn't comment on whether any suspects have been identified.

BOARDWALK PROPERTY FOR SALE

The Barretts reached a settlement in mid-October, and the boardwalk building was demolished and removed shortly after.

There was a lot of community pressure on the Barretts to get it done sooner -- the charred remnants were a painful reminder of what was lost, and an eyesore in the tourist town. But their hands were tied until investigators were done.

"There were rumors that they [the city] were going to start fining us for every day it was still there," Toni Barrett said.

She declined to disclose how much the insurance company paid but said it was less than half of the estimated $700,000 it would have cost to rebuild the boardwalk. They've decided not to rebuild.

The Barrett's boardwalk property is one of five adjacent properties that they own near Idaho Highway 21 and Main Street. All of the properties -- about 2.5 acres in total -- are up for sale.

The boardwalk parcel is 0.61 acres, and its current list price is $75,000. The least expensive of the five parcels is a 0.37-acre sliver of land right on Idaho 21. That's listed at $25,000.

Anyone interested in the properties can contact agent Dale Hoyd at Todays Real Estate Group in Meridian.

The boardwalk fire is still under investigation by Idaho State Police, Boise County Prosecutor Jolene Maloney said Wednesday.

SPIRIT OF MARKET LIVES ON

Porreca and Gaddi aren't sure what the future holds for their building because they don't have a full accounting of what's damaged -- or, more importantly, what's not.

The vision they had for the Boise International Market was much more than just bricks and mortar, more than a place where things were bought and sold. Hearts are broken, and the structure may be unrecoverable. But their dream lives on.

"We're not trying to do a mall," said Porreca, who has a doctorate in sociology and works as a planner for the Federal Highway Administration. "This is more a community place where there's culture and knowledge transfer, not just buying something."

Gaddi is an architect and urban planner who works as a consultant and manages real estate investments. He and Porreca were aiming for something more akin to La Paloma in San Diego or the Agora, a famed marketplace and public square in Athens, Greece.

"This is a space where people very different could feel comfortable together," Gaddi said.

They tapped their personal savings to buy, repair and renovate a fire-damaged building on the Boise Bench. They interviewed hundreds of possible vendors for the market and created a vibrant mix of entrepreneurs from all over the world, including refugees from Africa and the Middle East. Then, they connected these fledgling business owners with mentors and groups with expertise that could help them succeed.

"For us, it was always a legacy project," Gaddi said.

"We were trying to create something," Porreca said.

It was short-lived. But they did succeed in turning an empty, damaged building into a destination for residents across the Treasure Valley. It was a place where you could eat, share a coffee or tea with friends or strangers, take a belly dancing class and buy handmade clothing and novelties.

LOOKING FORWARD

Porreca and Gaddi believe the vendors who were part of the market are better off today than they would have been if it had never existed. They're happy to see some of the vendors open new shops, and they support the temporary Global Community Market at Trailhead and efforts to create another permanent market.

They found out about the fire just hours after they arrived in Philadelphia for their wedding, and they canceled that ceremony. Gaddi's family, who traveled from Argentina, were able to come out to Boise to see Mayor Dave Bieter marry the couple at City Hall on Sept. 11.

Many of the market vendors attended the wedding. It was a way to bring everyone together for something happy amid a "sea of sadness," Gaddi said.

They're currently working through what they hope are the last stages of the insurance process. They'll start salvage efforts next.

"What would we do with it? We don't know," Gaddi said. "At this point, let's try to understand what can be saved and how much it will take. Can we make it in a way that we can accommodate a wide array of potential uses, another market?"

Katy Moeller: 208-377-6413, @KatyMoeller

___

(c)2016 The Idaho Statesman (Boise, Idaho)

Visit The Idaho Statesman (Boise, Idaho) at www.idahostatesman.com

Distributed by Tribune Content Agency, LLC.

Older

Number Of Reported Hoverboard Fires Hits 40

Newer

New Insurance Product Aimed At Uber, Lyft-Type Drivers

Advisor News

  • CONGRESSMAN VALADAO DEMANDS ANSWERS FROM CALIFORNIA OVER HEALTHCARE TAX HIKE
  • How executive benefits impact an estate plan
  • 73% of US business leaders say economic uncertainty keeps them from focusing on transition
  • A new era at the Federal Reserve
  • What advisors need to know about the life settlement boom
More Advisor News

Annuity News

  • IRI, ACLU express support for CLEAR Forms Act
  • A new era at the Federal Reserve
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
  • Why annuities are gaining traction with younger investors
  • Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
More Annuity News

Health/Employee Benefits News

  • CONGRESSMAN VALADAO DEMANDS ANSWERS FROM CALIFORNIA OVER HEALTHCARE TAX HIKE
  • How much do state residents need to retire comfortably?
  • HAYES INTRODUCES BILL TO LOWER COSTS FOR TELEHEALTH PATIENTS
  • NEW URGENCY TO ADDRESS ROOT CAUSES OF AFFORDABILITY CRISIS AS HEALTHCARE SPENDING HITS RECORD $5.7T
  • Workplace pilot will support employees with celiac disease
More Health/Employee Benefits News

Life Insurance News

  • How much do state residents need to retire comfortably?
  • How executive benefits impact an estate plan
  • Connecticut retirees face high savings hurdles
  • AI-created images in insurance fraud and the impacts on clients, advisors
  • Roberts Disability Law Sues Unum Life Insurance Company of America on Behalf of Disabled Valero Refinery Operator for Allegedly Underpaying Long-Term Disability Benefits
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet