The residential real estate landscape in Idaho is undergoing a remarkable transformation, with new construction dominating the market in unprecedented ways. Matt Bauscher, owner of Bauscher Real Estate and Idaho's #1 residential broker, takes us behind the curtain of this evolution with fascinating insights into why 40% of Idaho's home sales are now new construction – a staggering figure compared to the 8% seen in states like Arizona and California.
The conversation spotlights two landmark developments that exemplify Idaho's real estate future. The Ranch in North Eagle represents luxury acreage living reimagined, with 34 custom home sites spread across 191 pristine acres. The project's extraordinary infrastructure investment includes eleven ponds, city water, full irrigation, and private roads – amenities never before combined with acreage properties in the region. Meanwhile, The Bannock is transforming downtown Boise with the city's first high-rise condominium building in 15 years, strategically positioned near St. Luke's Hospital's billion-dollar expansion and offering residents the rare opportunity to build equity in an urban setting.
Beyond real estate, Bauscher shares his insider perspective on Boise State University's presidential search (which he calls "the most important hire in Idaho") and the remarkable impact of football star Ashton Jeanty's decision to remain at the university despite lucrative transfer opportunities. Throughout the conversation, Bauscher's deep passion for Idaho and commitment to thoughtful development shine through, providing listeners with valuable insights into how forward-thinking leaders are shaping the Gem State's future.
Episode Overview:
• New construction dominates Idaho's real estate market, representing 40% of all home sales compared to 8% in Arizona and California
• Existing homeowners are staying put unless faced with major life changes like divorce, death, or downsizing
• The Ranch in North Eagle features 34 custom home sites on 191 acres with unprecedented infrastructure including 11 ponds, city water, and private roads
• The Bannock represents downtown Boise's first high-rise condominium building in 15 years, offering ownership opportunities in a prime walkable location
• Strategic location near St. Luke's Hospital's $1 billion expansion provides residents with proximity to healthcare and employment
• Boise State University's presidential search represents "the most important hire in the state of Idaho"
• Star athlete Ashton Jeanty's decision to remain at Boise State has had tens of millions of dollars of positive impact on the university and state
For more information on The Ranch, visit therancheagle.com, and to explore The Bannock, check out thebannock.com.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Today on the Ever Onward podcast, we have Matt
Bauscher, owner of Bauscher RealEstate.
He is the number oneresidential real estate company
and broker in Idaho.
It's going to be great to haveMatt back on.
It's springtime, Things areheating up in the residential
world.
We wanted to hear what's goingon with the market and talk
about some of the big projectshe has and, of course, a little
(00:20):
bit of Boys State sports.
So today we have Matt Bauscher.
Matt, thanks for coming back.
Speaker 2 (00:36):
Yeah, thanks for having me.
It's time.
It is time, spring's here.
Speaker 1 (00:39):
I've done this before Spring's here and I thought
it's time to have a.
You know, you are number oneresidential guy in the state of
Idaho.
You've got your finger on thepulse of everything going on, so
I thought it's time to get youback and say, hey, what's going
on out there, how are peoplefeeling?
And then I wanted to talk abouta couple of giant projects.
Talk first about just themarket rates sentiment.
(01:02):
It's spring, trees are blooming, people are back out at the
houses.
How's it going?
Speaker 2 (01:07):
I love living in Idaho.
I'll tell you that my backyardevery day there's a little bit
more foliage.
I know it's a special timeEvery season, every 90 days
people are always moving andshaking.
Every 90 days you get somethingnew.
Yeah, I love it.
And yeah, obviously, withresidential real estate now
until November is kind of we'refarmers, right, it's time to.
Speaker 1 (01:28):
That's a thing, right , like you hear it, but that's a
thing right.
Winter's over, People are likewaiting.
What's the sentiment right now?
Because I know nationally,internationally, interest rate.
I mean there's just so manythings to navigate, but what are
you seeing out there on thestreet?
Speaker 2 (01:43):
New construction is definitely leading the way.
I mean, you saw, we're numberone in the country and 40% of
every home is new constructionright now, which is I'll give
you an example Arizona's 8%,california's 8%, we're 40%.
Thankfully, we have room toexpand.
Speaker 1 (01:59):
So, even though you hear supply and demand, we've
got that is the builders arebuilding, builders are building
and those homes are selling.
It's just not fast enough,right?
Or maybe not enough, butthey're selling.
Speaker 2 (02:11):
Well, and part of the reason why it's 40% is people
that own their house.
Speaker 1 (02:14):
They're not as motivated Right, right, and
they're locked in at a rate thatthey're just not moving.
Speaker 2 (02:19):
I call it unless, unless there's a D event, you're
paying off debt, divorce event,you're paying off debt, divorce
, death.
You have diapers, diploma, youhave downsizing, all these
reasons that are monumental tomake the change.
If you're just kind of content,you're probably not going to
act.
So that's why new constructionpercentage has gone so high.
I mean, in Canyon County whereI grew up, it's over 50%.
(02:40):
Wow, I mean two houses sell,Guarantee one's going to be
brand new.
Speaker 1 (02:43):
So historically again , that number is usually, oh,
10% to 15%.
So 10% to 15% new construction.
Speaker 2 (02:50):
All the rest of it was people changing, moving
Absolutely Homes on the market,yeah, and the national builders
have changed the landscape a lot.
I mean, every single one almostis in town, which we didn't see
.
That earlier in my career.
Speaker 1 (03:11):
So they've seen the opportunity.
What are you seeing on thesupply side of new construction
I haven't had?
Is there a lot of it coming outof the ground right now?
Or you know, or the differentbigger major local Idaho
developers?
It seems like there's a lot ofnew projects.
There's a lot of projects andwhat.
Speaker 2 (03:19):
What people do, you know the consumer doesn't
realize is this is years andyears of working.
We'll talk about the ranch, theScott family, the ranch going
so right now we're releasingprices in spring of 2024.
We started this project in 2021.
Speaker 1 (03:33):
Let's start there, just because I know it's a huge,
first of all great family.
So Scott family, joe and thenBrian's done this with you, but
talk about the ranch.
Speaker 2 (03:44):
Yeah, brian's been boots on the ground since day
one, but it was like a scene offthe Godfather.
I found the family from SunValley.
They've owned this land formany, many generations.
They get on a plane.
I kind of pick them up at theprivate airport, we take them
out there, we all.
We tour the land and then we gohave dinner in the back room
and it was really, really cool.
Speaker 1 (04:07):
But today you've seen the infrastructure in and the
lakes.
So talk about the location.
Speaker 2 (04:09):
Yeah, so it's North Eagle, so it's basically Beacon
Light, just north of Eagle Road.
It was a 191-acre parcel thatwas hard to find in prime North
Eagle, close to everything, andit's 34 custom home sites.
So it's acreage, it's gated,it's acreage, it's gated, it's
acreage, it's never been donebefore I drove through it.
Speaker 1 (04:27):
It's beautiful man.
Yeah, my good friend livesright.
James Roberts lives right thereyeah.
And it's beautiful.
Speaker 2 (04:35):
I don't know if we'll ever have another one of this
scale, because there's not 191acres out there.
And then the money that theyinvested on the infrastructure I
mean out there, and then thethe money that they invested on
the infrastructure, I mean theybrought city water, they have
full irrigation, 11 ponds.
It's gated, it's private roads,it's curb gutter, sidewalk for
acreage.
Yeah, that's never been donebefore, so it's I'm I'm honored
that I have been a part of itand I get to represent it well
(04:57):
I'm not surprised.
Speaker 1 (04:58):
You're the one doing it.
Um so, uh, talk.
So you're, you're out now we'renow.
Speaker 2 (05:02):
For a long time I was asking you.
It's like no, we're, you're outnow, we're now selling.
For a long time I was askingyou.
Speaker 1 (05:05):
I was like hey, we're waiting, we're waiting for the
right time.
Speaker 2 (05:07):
So it's.
It's live.
Yep, it's.
Finally we're starting to takeoffers.
Do you have a?
Do you have a website oranything we do, it's the ranch
eaglecom.
We're not on MLS or online yet.
It's kind of pocket selling fornow, until we can get final
plat in 30 days.
That's awesome.
Speaker 1 (05:21):
Yeah, well, as excited as I am about that one,
let's talk about the Bannock.
The Bannock, so a little storybehind the Bannock and I just
want to.
So big downtown Forth and Idahoproject for us was initially
slated to be multifamily, withall the changes, long story of
the changes.
We're like, hey, what is theideal thing to do here?
(05:42):
When we kind of took it backover and you did a feasibility
study for us, by the way, whichwas super good, which was so fun
75 page.
This thing was like metricsbased, the whole thing and you
came back and said, hey, there'sa definite deep market for
condominiums at this location,and that's one of the things
about the location you hear withreal estate location, location
(06:04):
location, location, oh, noquestion but it is, it is the
thing right.
And so you're right there in theneighborhood feel, but walkable
to downtown and so.
But it wouldn't happen withoutyou, matt.
So your team has dug in, touredall over and came back, made
all the recommendations for usto convert from multifamily.
So the exterior of the buildingstayed exactly the same same
balcony, same same feel, as itwas super high end but.
(06:25):
But then on the interior you'vereally taken it over.
Speaker 2 (06:28):
Well, Boise is my heart and soul, right Boise,
State, Bronco.
All my homes have been in Boise.
I love Boise and it's excitingto see what's happening at West.
But we don't have the supply inBoise specifically, probably
the best part of downtown Boisebecause it's the quiet side of
downtown Boise.
When you talk about 4th andIdaho 4th and Bannock, it's not
busy, it's a neighborhood, quiet, where you want to live.
Speaker 1 (06:50):
Uniquely, though that's why it was such when Ken
Orm came to us, we're like, oh,my word, Because it is a couple
blocks from downtown and a block, really, from St Luke's.
Oh yeah, so you've got $1billion being spent on their
expansion.
So you think about the Valleyand healthcare, and they chose
(07:16):
literally it was back when I wason their leadership team, like
15 years ago is when they said,hey, this is going to be where
we plant our major regionalhealthcare system, and so
they're spending a billiondollars and it's under
construction right now.
So you think of all the healthcare that's going to be right
there.
Jobs, really jobs, fromstarting all the way through in
health care and you'resurrounded by all the other
(07:37):
industry down there, but you'rewalkable and then, uniquely, you
hit it.
Speaker 2 (07:41):
It feels like you're in a neighborhood, though.
Well, and yeah, you talk aboutthe hospital.
I mean, bam and I and my twokids were born at that hospital.
We lived in that hospitalactually for three weeks when
our daughter was pretty much.
I have so much emotionalattachment to that hospital and
that location.
But then we were at the forumyesterday and you were talking
about the investment in theMicron and now you're talking St
Luke's.
Our state isn't the Universityof Boise State, I mean, in
(08:02):
western Idaho.
It's a really good time, apinnacle time in our community
and the economic development andwhat's exciting is the future.
But what I love about this isso many of the downtown
buildings are either on busierstreets where it's loud here
you're a couple blocks away fromwalking to it, but also all the
out-of-state money that putsinto these apartments, the
homeowners, the Idaho born andraised people.
(08:24):
They can't get any of thatequity.
They just pay rent forever andthose guys are clipping coupons,
while this is actually aproject that somebody can have
ownership in and, as we know,are we going to be better or
worse in five years?
I think we're going to bebetter as a state.
They can ride that equity waveand actually join the train
instead of get left behind as atenant.
Speaker 1 (08:43):
One of the things you've told me from the minute
we met and said hey, matt, canyou help me out?
Here was amenities.
And you just said hey, this isdifferent.
They got to, they got to be.
It's all about amenities forthese, these, these units.
And so you've also handpickedand designed every amenity
that's going into this building.
Speaker 2 (09:00):
Yeah, we wanted, we wanted amenities, that was,
people would hang out and gather.
You know, you could havefriends over before you went out
to dinner and you could, youknow, sit there by the fire and
talk, and then, obviously, forme, big as a workout facility,
instead of having to go to a gymand drive and commute, you have
a workout facility.
So now there's no excuse.
You have no excuse not to workout because you're right there
on site and then there's abalcony outdoor that you can
(09:22):
enjoy the view.
And living in the heart ofBoise, there's just so many
things we're excited about andwe're counting down.
I'm seeing the live ticker onhow it's going.
There's guys working their sunup to sun down.
Speaker 1 (09:35):
Yeah, we have a big topping out ceremony coming up
here in May and it's going to beexciting.
I mean, we get CFO on theseunits in February and you've
already had you really have it.
You're launching right now.
It's interesting because you'relaunching the ranch and you're
really kind of launching the.
Speaker 2 (09:51):
Bannock push here this next month Completely
different buyers too Completelydifferent buyers downtown in
Eagle.
Speaker 1 (09:57):
But before even really launching you've had
tremendous success.
We've been very pleased.
You're way ahead of schedule ontaking deposits.
Speaker 2 (10:05):
Yeah, Go on the Bannocks website.
I mean, the website is so coolbecause what we're doing is
we're going to actually show you.
You can walk through the units,you can see the finishes.
Speaker 1 (10:12):
Oh, here it is.
Speaker 2 (10:13):
Yeah, there's the website right there.
It is changing the Boiseskyline.
We're so excited about it, butwe're going to you know before
you can put on hard hats andactually go through the
buildings individually.
We're already under contract onmany, many units, which is
exciting.
Speaker 1 (10:28):
I personally want to buy one in here to have you know
, as an investment as a legacy,I want to tell you like and I'm
not just, this is not hyperbole,man your team is unbelievable.
You know what I know?
You come from an athleticbackground.
You're a team guy, right.
You've spent your whole lifelike team culture, culture, team
(10:49):
, right.
And then I've watched you runyour business, but now kind of
partnering with you and seeingthe inner workings, like what's
behind the name.
It's an unbelievable team.
Speaker 2 (11:03):
They make up the team .
They really do.
I mean they know that I woulddo anything in the world for
them and, more importantly,their families and their future,
that we're all just buying in.
It's like I like to try to bethe 96 Bulls.
You know the most wins ever.
You got everybody doing theirpart, you know.
You got Dennis Rodman gettingthe rebounds.
You got Pippen doing everything.
You got Jordan.
You got Steve Kerr shooting.
(11:23):
You got Dennis Rodman gettingthe rebounds.
You got Pippen doing everything.
You got Jordan.
You got Steve Kerr shooting.
You got the best coach in PhilJackson.
You got I mean, it's justeverybody clicking.
But we're also hold each otheraccountable.
If one person is lacking, wecan get on them out of love,
because we all want the samething.
And when you're rowing the sameway, you become just miles and
miles of separation from.
We don't even look at kind ofcompetition.
It's all internally, which alot of people try to compare.
(11:44):
You know where your numbers are.
We don't even worry aboutcompetition.
We are all focused aboutourself.
The rest takes care of itself.
Speaker 1 (11:52):
It's been amazing.
It's been amazing to watch ithappen Like cause, you see it,
you know, sometimes you, youlook at, you know, and this has
happened to me a few times inlife where I'm like, oh, that
guy, he's got it going on, he'sa leader, he's all this other
stuff, and then you'll seewhat's behind the work, the
effort, the hours, the time, theculture right, and you're like,
okay, this is legit, built fromground up on authentic, genuine
(12:15):
principles.
That that's why you'resuccessful.
So it's been cool and man, Ijust I appreciate all you've
done.
So those units for going backto our project, you can get
online.
Speaker 2 (12:27):
We only have 64 to sell.
I mean I wish you could give usmore to sell.
Can we do part two in 10 years,because this has taken 15 years
for a new high-rise condobuilding to be for sale?
The last one was 15 years ago.
Yeah, for as far as a high rise, you know there's been some
four and five story stuff, butnothing that's been of this
(12:47):
scale.
Can you talk a little bit aboutthe units?
The units are I mean, we onlyhave five and six units on the
10th and 11th floor.
It tops up at close to 150 feettall.
That's a cool look at our.
Our amenities on the floor, onfloor seven, is kind of our
hangout amenities.
We also have amenities on theon the ground level.
Um, the views are spectacularbecause you got Boise State and
the valley and the train depotto the south, you got downtown
heading west, you got themountains, you got Table Rock.
(13:08):
I mean it really is a prettyspectacular, no matter what unit
you're in.
Speaker 1 (13:13):
I love this thing you've done, where you actually
show the units and how they layout and how people can pick a
floor plan that fits them, andyou do have a mix of working
families.
You have people thattraditionally would have rented
To your point.
Now you're putting thosedollars towards equity in a
downtown property You've got StLuke's right there but then you
(13:34):
also have some with a little bitlarger units for people that
may need that.
So I love the mix.
You've done a nice job Because,again, you know that's your
world right Well and there's somany different people that live
this.
Speaker 2 (13:46):
You have people that want a second home here and they
want lock and leave and theywant to be in the hustle and
bustle and they want thegrandkids to come over and then
go to dinner and do all that.
But then you have the youngbusiness professionals that
don't have time for a big yardand you have people downsizing.
You have the kids just got outof high school and now they
don't really need all that.
Speaker 1 (14:05):
It's such a mixture.
And then you think about justthe pricing of downtown
properties.
I mean it's pretty competitivefor housing and it's interesting
because people there's a lot oflike if you think about just
the world we live in.
Everyone talks about housing,everyone talks about
affordability, like that's whateveryone says.
So we need lots of options.
(14:25):
Absolutely Like everything.
Speaker 2 (14:27):
The way to control cost is to get more supply.
Speaker 1 (14:30):
And if you think about we need apartments, we
need lots of different kinds ofapartments All the way from the
Arthur that's beautiful, thatjust opened downtown in
apartments.
You need apartments, you need.
Speaker 2 (14:43):
You need apartments, you need townhomes, we need
condos, we need starter homes,we need kind of.
We need everything right now.
Yeah, and you know us localssometimes you can get grumpy at
the commute and some of thesethings, but you also want
affordability, right, yeah.
So imagine that we didn'tcreate strategic projects and
the cities weren't.
They were.
They were saying everything'sdenied, yeah.
I would equate it to likethere's two golf courses, yeah,
and they could charge fourthousand,000 a round, and if you
(15:04):
want to golf, that's your onlyoption.
You'd be forced to pay it.
But instead, if we can getmultiple hybrid projects out
there, it's actually a reallygreat analogy.
Speaker 1 (15:11):
So what I've loved about converting it's like
putting a 69, 63 to sellsubdivision in the middle of
downtown.
Speaker 2 (15:20):
Yeah, then you don't have to maintain anything, yeah.
Speaker 1 (15:24):
Yeah, no, it's been great.
Okay, I want to get caught upwith you too.
Can we talk Boise State alittle bit?
Yeah, absolutely, I light upwhen you say that We've had some
great signings.
Matt, oh, man, the NIL's crazy.
Speaker 2 (15:39):
I get to hear some of the behind-the-scenes
conversation.
I don't hear it.
It is wild.
I don't.
It doesn't make sense.
None of it makes sense.
Some of the numbers I'm hearingthe kids aren't worth that.
I'll just flat out say it Oncethey get out of this college.
Speaker 1 (15:58):
I know that there's this confidentiality thing and
you're on the inside of theinside.
Speaker 2 (16:00):
But is there any stories you can tell us?
The Tennessee one is now public.
I mean you are going to get twomillion dollars as a
quarterback at Tennessee.
You hold out and say I'm notgoing to practice.
Speaker 1 (16:07):
The coach says no one's so that.
So that's the kid that justsigned at UCLA now and I heard
it's half the money, it's halfthe money.
Speaker 2 (16:13):
So he wanted four million dollars.
And this is a good life lessonfor all college, all college
students, because sometimes pigsget fed, hogss get slaughtered.
You talk about the chemistryand we were talking about team.
You talk about I'm not going topractice for $2 million and he
was good.
He wasn't great.
But you hold out on yourbrothers in the trenches and say
I want more money.
You lose the locker room.
(16:34):
He said nobody's bigger thanthe program.
You're out.
Then every other AD and headcoach in the country says do I
want this?
Do I want this personality?
Do I want this personality?
Do I want this prima donna?
And he ends up getting half themoney at UCLA.
It's a really good learninglesson.
Speaker 1 (16:49):
It's a good learning lesson, but I'm still thinking
that kid's still going to make amillion bucks.
Yeah, crazy.
Speaker 2 (16:54):
Yeah.
But you look at Ashton.
Everybody said leave, go, getseven figures in the SEC and
he's going to be a top 10 draftpick and get a $30-plus million
guarantee contract.
Pretty good to stay, wasn't it?
That guy's, like Everybody inBoise, loves him.
Speaker 1 (17:09):
It was so funny because I listen to sports radio
and on the way in the nationalstuff on Fox and on the way in
this morning I came in reallyearly but the program that was
on it was all about Ashton Jante, all the way from my house in
on this national fox sportsprogram.
But as I was thinking, I'mthinking can you imagine the
impact to a university in boise,idaho, of having someone like
(17:34):
that do what he did?
Come back, oh yeah, the runthey had, the heisman run he had
, the way he carries himself,the way he carries himself, the
way he portrays himself, the wayhe talks about this place and
the money he took to stay versusgoing anywhere he could have.
There is no way to quantify theimpact that that one dude had
(17:58):
on a state and that's not likeoh yeah the university is easy
to say.
Speaker 2 (18:04):
We're going to get better enrollment views.
It was.
It was millions, millions ofdollars of impact for the
universe.
Speaker 1 (18:09):
That's easy tens of millions probably tens of
millions.
Speaker 2 (18:11):
The city's easy to see, yeah, but the state impact
that he has done in a classy wayof integrity and that's the
definition of our state right,the backbone of what we, what we
, stand for.
Speaker 1 (18:21):
And the way he carries himself.
Matt, is you like?
I was, because they wereplaying a couple of his
interviews and I thought youcould not like, you could not
feed those words, yep.
You couldn't.
To a human to say like JD, theschool, everyone's got to be
just like.
(18:41):
Oh, and it's so authentic, it'sso genuine, it is hit the
drafts next Thursday right, yep,it's next Thursday.
Speaker 2 (18:47):
I took my son to the pro day.
It was the coolest experienceoh, talk about that oh my gosh,
all 30 scouts are there andgenti's running, the other guys
are working out and it's justexplaining to him what's going
on and it's just, it's really,really cool he is built
different man.
Speaker 1 (19:00):
I mean, I know that's like one of their taglines, but
when you watch that guy runninghis shirt off.
Speaker 2 (19:05):
Can you imagine trying to tackle him, him coming
full speed at us?
Oh my gosh, I couldn't tacklehim in a phone booth and you
wonder about his durability.
Speaker 1 (19:16):
And then you see his body and you're like, okay, I
get it now, I get it now.
This guy, he's.
Speaker 2 (19:24):
he's unbelievable yeah, um, where do you think
he's gonna go?
I think writer six.
The gm kind of said that hisson's gonna disown him if he
doesn't draft him.
So unless he goes earlier thansix which was, is probably a
long shot, I see him going sixto vegas, which would be a good
excuse to go to vegas yeah, theywere talking uh, one thing I
hadn't considered they had.
Speaker 1 (19:38):
They were talking about, um, the perspective of
the draft, like if you're a teamand and there's only I guess
they're they're saying on theway and there's only really
seven offensive linemen that arelike elite, so some of this is
just not about him being likemaybe the best player in the
draft.
But when you're an nfl team andthere's only seven elite
(20:00):
offensive linemen and you've gota quarterback and that's your
hole as a left tackle, some ofthis is really positional where
people go right and I didn'trealize that.
But but I can't wait to watchwell, I mean you.
You talk about saquon barkleywinning the super bowl and what
he did that helped ashtontremendously, saying because
it's a copycat because runningbacks have been like if you look
, if you go back eight years,yep and and, and how they're
(20:23):
being paid and kind of, hey,they're kind of just, you know,
disposable.
Yeah, just get a young kid fromalabama that was a backup and
throw them in and, and you know,pay them a tenth of what you
would pay, yeah you know theboise legends are doing well.
Speaker 2 (20:36):
Kellen got the head coaching job of the saint.
I mean the boise legends aredoing well.
It's good to see.
Oh, it's so fun.
Speaker 1 (20:41):
Yeah, we're so lucky to have this here.
Speaker 2 (20:44):
Yeah, you look out at your views of these glass.
I mean, it's just you pinchmyself every day.
How grateful.
Speaker 1 (20:50):
Can we talk basketball?
Speaker 2 (20:51):
Yeah.
Speaker 1 (20:51):
I know that's your passion Talk about these latest
signings they have.
Speaker 2 (20:56):
Yeah, the UCLA point guard's going to be really,
really good.
That was all over social media.
Yeah, so he officially kind ofsigned up, which is amazing
because obviously losing Cardinihe started like 60-something
games down at UCLA, oh yeah, andhe's tough and he's a
competitor and losing Cardini isobviously he was such a great
point guard to lose him.
And to lose Tyson oh, losingTyson is so tough.
But we get a local kid backGeorgetown transfer.
(21:17):
He's from here, he committed toUSC a month ago.
I mean that's the kind ofplayer and talent he is.
He started every game atGeorgetown To get him.
He's about 6'10 and skilled andhe's going to be good.
And then our returning guys.
I mean I'm always excited.
Now we get on the Maui Classic,so it's an excuse.
Speaker 1 (21:37):
Are you going to go?
Speaker 2 (21:38):
I think I'm going to go.
It's an excuse to take the kidsand the wife to Maui and watch
some basketball.
Speaker 1 (21:44):
I need to go.
Speaker 2 (21:45):
I don't know if we'll get in it, at least the first
time we've ever been invited.
So you don't know if there'sgoing to be a second time.
Speaker 1 (21:50):
Right Yep, plus it's Maui Yep, leon's awesome.
Speaker 2 (21:56):
Yeah, he's a very servant leader, Very humble.
You know the leaders who havehumility.
I feel like do a lot better job.
Speaker 1 (22:03):
Yeah, like you talk about.
Speaker 2 (22:04):
Spencer, you talk about Dickie, you talk about
Leon, you talk about you.
It's when people, when peoplesense that I think they want to
perform better and perform.
You know, work harder.
Speaker 1 (22:16):
Yeah, I.
I just every time you hear himtalk the same same thing.
You're like man, we're just so.
We're so fortunate to havethese people leading right now.
Speaker 2 (22:25):
Uh I mean a new president.
Speaker 1 (22:27):
You're on the board for that right yeah, I've been
with, I've been with jd a lotlately because we're we're
co-chairing a subcommittee onthe president search.
We may talk about a little bit.
About that.
I think there's a lot of.
We have a.
We have our second listeningsession today at 11 down at
boyce state.
We had one monday and then nextMonday is a Zoom kind of
(22:47):
virtual that people can get on.
Speaker 2 (22:49):
You try to get down to the top three by a certain
date.
Speaker 1 (22:51):
So here's the latest of the latest, I think, what
they're going to do.
My guess this is purely just meguessing, but I think they'll
put an interim in because Ithink it's.
You can argue, and I think it'sa very good argument, that this
is the most important hire inthe state of Idaho by far
Currently On the table.
(23:12):
Yes, that may sound like well,it's just, but it is because,
with the trajectory of theuniversity, by the way, if you
look at what's happened whenMarlene got here and you just
see graduation rates, what'shappened on the academic side,
and then the hire of JeremiahDickey and what's happened on
(23:32):
the athletic side, and just thatguy is, I mean, he's just
unbelievable.
Yeah, he is, he is atransformational like guys like
that in the world come alongvery rarely.
They just do.
I mean I'm not-.
Speaker 2 (23:47):
I love being around them.
I get to be around them atleast once a week and I love it.
Speaker 1 (23:50):
It's unbelievable.
So you look at his trajectory,the university's trajectory, and
you get the right president whocomes in, who can take
advantage of that momentum.
Yep, this is the most importanthire in the state of Idaho.
Yeah, and I know that thecommittee, I know that the state
board and I know that thecommittee led by David Turnbull
I think they all, everyone knowsthat.
(24:10):
And you look at the makeup ofthose committees and then I want
to talk a little bit about theprocess.
So they've got thesesubcommittees.
We're doing these listeningtours right now and I think I've
been surprised.
The first one we had, peoplewere like well, we didn't know
that.
This was like, we thoughtsomeone was already picked.
I'm like no, no.
Speaker 2 (24:26):
And I like that there's business leaders like
Turnbull on this board who seethe big picture of where this
thing can go.
Speaker 1 (24:33):
Yes, and then I do think like it was really
wonderful Two hours of listeningto people talk about what they
think is important to the nextpresident, authentically
listening.
And you look at our board, ourlittle board.
We got Alan Dykman, love Alanand Neil Nilsen and Garrett
Lofto there's just a few of them.
(24:53):
That's our subcommittee Wow,and all of these guys.
What's been cool is they're allattending these listening
sessions.
You got the CEO of Simplot Wow.
Put that in perspective on asubcommittee.
Speaker 2 (25:08):
Prioritizing the subcommittee.
Speaker 1 (25:09):
And when I called him , I called Garrett and I'm like,
hey, Garrett, I mean guys, youlook at international businesses
that are privately held.
They're one of the top five inthe country, right?
And I'm like, hey, will youserve on a sub?
He's like, yeah, I'll be there.
This is a big deal.
Speaker 2 (25:26):
The amount of talent right here under our little
umbrella, like I get to sellVivek's house and the CEO of
Albertsons and I'm just tryingto pick his brain Like leading
Pepsi and 250,000 employees andI have 17, and it's a lot.
I'm like just getting to bearound these kind of people.
Speaker 1 (25:45):
And kind of people and on subcommittee are you
kidding me?
And right here, and they're ona subcommittee committing to
coming to all these listeningsessions and being part of
putting the report togetherthat's due on may 5th, like you.
So, so so for everyonelistening, I mean, it is it.
I think they're going to do theright thing.
I think it's going to be verymuch.
It's going to be, uh, you know,you know smooth as fast, right,
yeah, so so it's like we'regoing to try to get as many
(26:07):
candidates the right candidate,make it really good hire and
make a recommendation.
Um, I think the target probablyis, you know, a.
Realistically, I think early onI was like, let's go find
someone, and I think now it'sgoing to be hey, let's really
get the right person.
Speaker 2 (26:19):
Yeah, so it's a big hire.
Like you said, it's a big hirelike you said, it's a big hire.
Speaker 1 (26:22):
But again, the other nice thing is I get to be around
JD a little bit more right now.
Speaker 2 (26:25):
Yeah.
Speaker 1 (26:26):
That guy's legit oh yeah, Legit North end zones
looking.
Oh you going to get tickets inthe north end zone?
I can't.
No, I don't make enough moneyto do that, oh shoot.
Speaker 2 (26:44):
I'm just a have one.
Yeah, I'm working on it, I'mtrying.
I want to get down there.
Speaker 1 (26:49):
The players run through before the game.
Maybe we could split one.
There we go.
I don't think they have anyleft.
Speaker 2 (26:53):
It'll be like a timeshare have four of us go in.
Speaker 1 (26:57):
I'm a timeshare guy right.
No exciting things.
It's been, it's, uh, it's justbeen, and I know you're, you're,
it's, it's a huge part of ofyour life and you've been so
committed and helpful to theprogram.
I love it, Uh and uh.
You know they I mean guys likeyou, um, that are played their
(27:17):
passion for it it's.
I can't imagine the impact youmake every day just being a
representative of the universitylucky to have you.
Speaker 2 (27:25):
No, I love it.
It's, uh, it's definitelysomething that's a big passion
how's your family?
They're doing really good.
My wife tore her achilles sothat was a big roadblock.
It's a big injury.
Speaker 1 (27:34):
I tore my achilles in the three on three basketball
tournament at st luke's reallyand I had this girl that was
guarding me, who was awesome,and I put a move on her and I'd
pop my Achilles and I would yeah, yeah she just it was the end
of my, it was the end of my oldguy basketball career, that's
how she doing, because it's not.
Speaker 2 (27:52):
It's not an easy thing.
She's already walking.
It's been about three weeks.
She's, she's a trooper.
She's tougher than me, that'sfor sure.
I mean, she was wanting rehabday 15 and they're like slow
down and she's like no hey, so Isit by the basketball games.
Speaker 1 (28:04):
Your kids are the cute, they're the cute.
Your son is like a mini you he,because you go nuts at the
games, right, and he gets up andit's like it, literally like I.
I gotta get a video because hetakes his hat off, he throws it,
he does the same kind ofgestures.
But I gotta tell a quick story.
So I'm sitting there watchingone day and like you're so into
(28:24):
the game and I can see they'reasking you for like popcorn or
candy or something and you'rejust like, like, literally, like
, like this is not like no one'sgonna call cps or anything, but
like they're asking theirfather for like some treats at
the game and you're like pushinghis hand away and so I'm
texting you like, hey, feed him.
Uncle tommy can like go getthese guys some popcorn or
(28:45):
something they got 42 snacksthere and they want the 43rd one
that's.
But the funny thing is you don'teven see the text, or like two
hours after the game becauseyou're so into it.
So I saw your wife.
I'm like, hey, if I ever needto like oversee this thing to
make sure that they're takencare of, I'm happy to jump in
and help, because he's motivatedby sports In the mornings he
doesn't want to wake up If hehas a game.
Speaker 2 (29:06):
I'll be like you have a game this morning.
He'll go like this oh yeah,boom, he's very into it.
He is a cute.
They're so cute, thank you.
How old are they now?
Six and 10.
Naya's 10 and Bam's six.
Speaker 1 (29:19):
Is he only six, like eight or nine yeah?
Speaker 2 (29:21):
he's been sitting on the court since he was two.
I said he was five back thenyou have to lie.
Speaker 1 (29:24):
I think I took my grandson and one of my favorite
guys down there comes over likeyou know, he's, he's wonderful.
And he's like hey, how old'syour grandson?
I said five.
I'd check the rules, right.
He's like he is.
Yeah, he's five in his heart.
Baby, yep, he's mine.
That's cool, that's awesome.
Hey, thank you for all you know.
Speaker 2 (29:43):
Thank you for having me.
Thanks for coming on.
Speaker 1 (29:45):
This is awesome update and um and uh, we had to
end go broncos.
Yeah, thank you, tom, Iappreciate it.
Today on the Ever Onward podcast, we have Matt
Bauscher, owner of Bauscher RealEstate.
He is the number oneresidential real estate company
and broker in Idaho.
It's going to be great to haveMatt back on.
It's springtime, Things areheating up in the residential
world.
We wanted to hear what's goingon with the market and talk
about some of the big projectshe has and, of course, a little
(00:20):
bit of Boys State sports.
So today we have Matt Bauscher.
Matt, thanks for coming back.
Speaker 2 (00:36):
Yeah, thanks for having me.
It's time.
It is time, spring's here.
Speaker 1 (00:39):
I've done this before Spring's here and I thought
it's time to have a.
You know, you are number oneresidential guy in the state of
Idaho.
You've got your finger on thepulse of everything going on, so
I thought it's time to get youback and say, hey, what's going
on out there, how are peoplefeeling?
And then I wanted to talk abouta couple of giant projects.
Talk first about just themarket rates sentiment.
(01:02):
It's spring, trees are blooming, people are back out at the
houses.
How's it going?
Speaker 2 (01:07):
I love living in Idaho.
I'll tell you that my backyardevery day there's a little bit
more foliage.
I know it's a special timeEvery season, every 90 days
people are always moving andshaking.
Every 90 days you get somethingnew.
Yeah, I love it.
And yeah, obviously, withresidential real estate now
until November is kind of we'refarmers, right, it's time to.
Speaker 1 (01:28):
That's a thing, right , like you hear it, but that's a
thing right.
Winter's over, People are likewaiting.
What's the sentiment right now?
Because I know nationally,internationally, interest rate.
I mean there's just so manythings to navigate, but what are
you seeing out there on thestreet?
Speaker 2 (01:43):
New construction is definitely leading the way.
I mean, you saw, we're numberone in the country and 40% of
every home is new constructionright now, which is I'll give
you an example Arizona's 8%,california's 8%, we're 40%.
Thankfully, we have room toexpand.
Speaker 1 (01:59):
So, even though you hear supply and demand, we've
got that is the builders arebuilding, builders are building
and those homes are selling.
It's just not fast enough,right?
Or maybe not enough, butthey're selling.
Speaker 2 (02:11):
Well, and part of the reason why it's 40% is people
that own their house.
Speaker 1 (02:14):
They're not as motivated Right, right, and
they're locked in at a rate thatthey're just not moving.
Speaker 2 (02:19):
I call it unless, unless there's a D event, you're
paying off debt, divorce event,you're paying off debt, divorce
, death.
You have diapers, diploma, youhave downsizing, all these
reasons that are monumental tomake the change.
If you're just kind of content,you're probably not going to
act.
So that's why new constructionpercentage has gone so high.
I mean, in Canyon County whereI grew up, it's over 50%.
(02:40):
Wow, I mean two houses sell,Guarantee one's going to be
brand new.
Speaker 1 (02:43):
So historically again , that number is usually, oh,
10% to 15%.
So 10% to 15% new construction.
Speaker 2 (02:50):
All the rest of it was people changing, moving
Absolutely Homes on the market,yeah, and the national builders
have changed the landscape a lot.
I mean, every single one almostis in town, which we didn't see
.
That earlier in my career.
Speaker 1 (03:11):
So they've seen the opportunity.
What are you seeing on thesupply side of new construction
I haven't had?
Is there a lot of it coming outof the ground right now?
Or you know, or the differentbigger major local Idaho
developers?
It seems like there's a lot ofnew projects.
There's a lot of projects andwhat.
Speaker 2 (03:19):
What people do, you know the consumer doesn't
realize is this is years andyears of working.
We'll talk about the ranch, theScott family, the ranch going
so right now we're releasingprices in spring of 2024.
We started this project in 2021.
Speaker 1 (03:33):
Let's start there, just because I know it's a huge,
first of all great family.
So Scott family, joe and thenBrian's done this with you, but
talk about the ranch.
Speaker 2 (03:44):
Yeah, brian's been boots on the ground since day
one, but it was like a scene offthe Godfather.
I found the family from SunValley.
They've owned this land formany, many generations.
They get on a plane.
I kind of pick them up at theprivate airport, we take them
out there, we all.
We tour the land and then we gohave dinner in the back room
and it was really, really cool.
Speaker 1 (04:07):
But today you've seen the infrastructure in and the
lakes.
So talk about the location.
Speaker 2 (04:09):
Yeah, so it's North Eagle, so it's basically Beacon
Light, just north of Eagle Road.
It was a 191-acre parcel thatwas hard to find in prime North
Eagle, close to everything, andit's 34 custom home sites.
So it's acreage, it's gated,it's acreage, it's gated, it's
acreage, it's never been donebefore I drove through it.
Speaker 1 (04:27):
It's beautiful man.
Yeah, my good friend livesright.
James Roberts lives right thereyeah.
And it's beautiful.
Speaker 2 (04:35):
I don't know if we'll ever have another one of this
scale, because there's not 191acres out there.
And then the money that theyinvested on the infrastructure I
mean out there, and then thethe money that they invested on
the infrastructure, I mean theybrought city water, they have
full irrigation, 11 ponds.
It's gated, it's private roads,it's curb gutter, sidewalk for
acreage.
Yeah, that's never been donebefore, so it's I'm I'm honored
that I have been a part of itand I get to represent it well
(04:57):
I'm not surprised.
Speaker 1 (04:58):
You're the one doing it.
Um so, uh, talk.
So you're, you're out now we'renow.
Speaker 2 (05:02):
For a long time I was asking you.
It's like no, we're, you're outnow, we're now selling.
For a long time I was askingyou.
Speaker 1 (05:05):
I was like hey, we're waiting, we're waiting for the
right time.
Speaker 2 (05:07):
So it's.
It's live.
Yep, it's.
Finally we're starting to takeoffers.
Do you have a?
Do you have a website oranything we do, it's the ranch
eaglecom.
We're not on MLS or online yet.
It's kind of pocket selling fornow, until we can get final
plat in 30 days.
That's awesome.
Speaker 1 (05:21):
Yeah, well, as excited as I am about that one,
let's talk about the Bannock.
The Bannock, so a little storybehind the Bannock and I just
want to.
So big downtown Forth and Idahoproject for us was initially
slated to be multifamily, withall the changes, long story of
the changes.
We're like, hey, what is theideal thing to do here?
(05:42):
When we kind of took it backover and you did a feasibility
study for us, by the way, whichwas super good, which was so fun
75 page.
This thing was like metricsbased, the whole thing and you
came back and said, hey, there'sa definite deep market for
condominiums at this location,and that's one of the things
about the location you hear withreal estate location, location
(06:04):
location, location, oh, noquestion but it is, it is the
thing right.
And so you're right there in theneighborhood feel, but walkable
to downtown and so.
But it wouldn't happen withoutyou, matt.
So your team has dug in, touredall over and came back, made
all the recommendations for usto convert from multifamily.
So the exterior of the buildingstayed exactly the same same
balcony, same same feel, as itwas super high end but.
(06:25):
But then on the interior you'vereally taken it over.
Speaker 2 (06:28):
Well, Boise is my heart and soul, right Boise,
State, Bronco.
All my homes have been in Boise.
I love Boise and it's excitingto see what's happening at West.
But we don't have the supply inBoise specifically, probably
the best part of downtown Boisebecause it's the quiet side of
downtown Boise.
When you talk about 4th andIdaho 4th and Bannock, it's not
busy, it's a neighborhood, quiet, where you want to live.
Speaker 1 (06:50):
Uniquely, though that's why it was such when Ken
Orm came to us, we're like, oh,my word, Because it is a couple
blocks from downtown and a block, really, from St Luke's.
Oh yeah, so you've got $1billion being spent on their
expansion.
So you think about the Valleyand healthcare, and they chose
(07:16):
literally it was back when I wason their leadership team, like
15 years ago is when they said,hey, this is going to be where
we plant our major regionalhealthcare system, and so
they're spending a billiondollars and it's under
construction right now.
So you think of all the healthcare that's going to be right
there.
Jobs, really jobs, fromstarting all the way through in
health care and you'resurrounded by all the other
(07:37):
industry down there, but you'rewalkable and then, uniquely, you
hit it.
Speaker 2 (07:41):
It feels like you're in a neighborhood, though.
Well, and yeah, you talk aboutthe hospital.
I mean, bam and I and my twokids were born at that hospital.
We lived in that hospitalactually for three weeks when
our daughter was pretty much.
I have so much emotionalattachment to that hospital and
that location.
But then we were at the forumyesterday and you were talking
about the investment in theMicron and now you're talking St
Luke's.
Our state isn't the Universityof Boise State, I mean, in
(08:02):
western Idaho.
It's a really good time, apinnacle time in our community
and the economic development andwhat's exciting is the future.
But what I love about this isso many of the downtown
buildings are either on busierstreets where it's loud here
you're a couple blocks away fromwalking to it, but also all the
out-of-state money that putsinto these apartments, the
homeowners, the Idaho born andraised people.
(08:24):
They can't get any of thatequity.
They just pay rent forever andthose guys are clipping coupons,
while this is actually aproject that somebody can have
ownership in and, as we know,are we going to be better or
worse in five years?
I think we're going to bebetter as a state.
They can ride that equity waveand actually join the train
instead of get left behind as atenant.
Speaker 1 (08:43):
One of the things you've told me from the minute
we met and said hey, matt, canyou help me out?
Here was amenities.
And you just said hey, this isdifferent.
They got to, they got to be.
It's all about amenities forthese, these, these units.
And so you've also handpickedand designed every amenity
that's going into this building.
Speaker 2 (09:00):
Yeah, we wanted, we wanted amenities, that was,
people would hang out and gather.
You know, you could havefriends over before you went out
to dinner and you could, youknow, sit there by the fire and
talk, and then, obviously, forme, big as a workout facility,
instead of having to go to a gymand drive and commute, you have
a workout facility.
So now there's no excuse.
You have no excuse not to workout because you're right there
on site and then there's abalcony outdoor that you can
(09:22):
enjoy the view.
And living in the heart ofBoise, there's just so many
things we're excited about andwe're counting down.
I'm seeing the live ticker onhow it's going.
There's guys working their sunup to sun down.
Speaker 1 (09:35):
Yeah, we have a big topping out ceremony coming up
here in May and it's going to beexciting.
I mean, we get CFO on theseunits in February and you've
already had you really have it.
You're launching right now.
It's interesting because you'relaunching the ranch and you're
really kind of launching the.
Speaker 2 (09:51):
Bannock push here this next month Completely
different buyers too Completelydifferent buyers downtown in
Eagle.
Speaker 1 (09:57):
But before even really launching you've had
tremendous success.
We've been very pleased.
You're way ahead of schedule ontaking deposits.
Speaker 2 (10:05):
Yeah, Go on the Bannocks website.
I mean, the website is so coolbecause what we're doing is
we're going to actually show you.
You can walk through the units,you can see the finishes.
Speaker 1 (10:12):
Oh, here it is.
Speaker 2 (10:13):
Yeah, there's the website right there.
It is changing the Boiseskyline.
We're so excited about it, butwe're going to you know before
you can put on hard hats andactually go through the
buildings individually.
We're already under contract onmany, many units, which is
exciting.
Speaker 1 (10:28):
I personally want to buy one in here to have you know
, as an investment as a legacy,I want to tell you like and I'm
not just, this is not hyperbole,man your team is unbelievable.
You know what I know?
You come from an athleticbackground.
You're a team guy, right.
You've spent your whole lifelike team culture, culture, team
(10:49):
, right.
And then I've watched you runyour business, but now kind of
partnering with you and seeingthe inner workings, like what's
behind the name.
It's an unbelievable team.
Speaker 2 (11:03):
They make up the team .
They really do.
I mean they know that I woulddo anything in the world for
them and, more importantly,their families and their future,
that we're all just buying in.
It's like I like to try to bethe 96 Bulls.
You know the most wins ever.
You got everybody doing theirpart, you know.
You got Dennis Rodman gettingthe rebounds.
You got Pippen doing everything.
You got Jordan.
You got Steve Kerr shooting.
(11:23):
You got Dennis Rodman gettingthe rebounds.
You got Pippen doing everything.
You got Jordan.
You got Steve Kerr shooting.
You got the best coach in PhilJackson.
You got I mean, it's justeverybody clicking.
But we're also hold each otheraccountable.
If one person is lacking, wecan get on them out of love,
because we all want the samething.
And when you're rowing the sameway, you become just miles and
miles of separation from.
We don't even look at kind ofcompetition.
It's all internally, which alot of people try to compare.
(11:44):
You know where your numbers are.
We don't even worry aboutcompetition.
We are all focused aboutourself.
The rest takes care of itself.
Speaker 1 (11:52):
It's been amazing.
It's been amazing to watch ithappen Like cause, you see it,
you know, sometimes you, youlook at, you know, and this has
happened to me a few times inlife where I'm like, oh, that
guy, he's got it going on, he'sa leader, he's all this other
stuff, and then you'll seewhat's behind the work, the
effort, the hours, the time, theculture right, and you're like,
okay, this is legit, built fromground up on authentic, genuine
(12:15):
principles.
That that's why you'resuccessful.
So it's been cool and man, Ijust I appreciate all you've
done.
So those units for going backto our project, you can get
online.
Speaker 2 (12:27):
We only have 64 to sell.
I mean I wish you could give usmore to sell.
Can we do part two in 10 years,because this has taken 15 years
for a new high-rise condobuilding to be for sale?
The last one was 15 years ago.
Yeah, for as far as a high rise, you know there's been some
four and five story stuff, butnothing that's been of this
(12:47):
scale.
Can you talk a little bit aboutthe units?
The units are I mean, we onlyhave five and six units on the
10th and 11th floor.
It tops up at close to 150 feettall.
That's a cool look at our.
Our amenities on the floor, onfloor seven, is kind of our
hangout amenities.
We also have amenities on theon the ground level.
Um, the views are spectacularbecause you got Boise State and
the valley and the train depotto the south, you got downtown
heading west, you got themountains, you got Table Rock.
(13:08):
I mean it really is a prettyspectacular, no matter what unit
you're in.
Speaker 1 (13:13):
I love this thing you've done, where you actually
show the units and how they layout and how people can pick a
floor plan that fits them, andyou do have a mix of working
families.
You have people thattraditionally would have rented
To your point.
Now you're putting thosedollars towards equity in a
downtown property You've got StLuke's right there but then you
(13:34):
also have some with a little bitlarger units for people that
may need that.
So I love the mix.
You've done a nice job Because,again, you know that's your
world right Well and there's somany different people that live
this.
Speaker 2 (13:46):
You have people that want a second home here and they
want lock and leave and theywant to be in the hustle and
bustle and they want thegrandkids to come over and then
go to dinner and do all that.
But then you have the youngbusiness professionals that
don't have time for a big yardand you have people downsizing.
You have the kids just got outof high school and now they
don't really need all that.
Speaker 1 (14:05):
It's such a mixture.
And then you think about justthe pricing of downtown
properties.
I mean it's pretty competitivefor housing and it's interesting
because people there's a lot oflike if you think about just
the world we live in.
Everyone talks about housing,everyone talks about
affordability, like that's whateveryone says.
So we need lots of options.
(14:25):
Absolutely Like everything.
Speaker 2 (14:27):
The way to control cost is to get more supply.
Speaker 1 (14:30):
And if you think about we need apartments, we
need lots of different kinds ofapartments All the way from the
Arthur that's beautiful, thatjust opened downtown in
apartments.
You need apartments, you need.
Speaker 2 (14:43):
You need apartments, you need townhomes, we need
condos, we need starter homes,we need kind of.
We need everything right now.
Yeah, and you know us localssometimes you can get grumpy at
the commute and some of thesethings, but you also want
affordability, right, yeah.
So imagine that we didn'tcreate strategic projects and
the cities weren't.
They were.
They were saying everything'sdenied, yeah.
I would equate it to likethere's two golf courses, yeah,
and they could charge fourthousand,000 a round, and if you
(15:04):
want to golf, that's your onlyoption.
You'd be forced to pay it.
But instead, if we can getmultiple hybrid projects out
there, it's actually a reallygreat analogy.
Speaker 1 (15:11):
So what I've loved about converting it's like
putting a 69, 63 to sellsubdivision in the middle of
downtown.
Speaker 2 (15:20):
Yeah, then you don't have to maintain anything, yeah.
Speaker 1 (15:24):
Yeah, no, it's been great.
Okay, I want to get caught upwith you too.
Can we talk Boise State alittle bit?
Yeah, absolutely, I light upwhen you say that We've had some
great signings.
Matt, oh, man, the NIL's crazy.
Speaker 2 (15:39):
I get to hear some of the behind-the-scenes
conversation.
I don't hear it.
It is wild.
I don't.
It doesn't make sense.
None of it makes sense.
Some of the numbers I'm hearingthe kids aren't worth that.
I'll just flat out say it Oncethey get out of this college.
Speaker 1 (15:58):
I know that there's this confidentiality thing and
you're on the inside of theinside.
Speaker 2 (16:00):
But is there any stories you can tell us?
The Tennessee one is now public.
I mean you are going to get twomillion dollars as a
quarterback at Tennessee.
You hold out and say I'm notgoing to practice.
Speaker 1 (16:07):
The coach says no one's so that.
So that's the kid that justsigned at UCLA now and I heard
it's half the money, it's halfthe money.
Speaker 2 (16:13):
So he wanted four million dollars.
And this is a good life lessonfor all college, all college
students, because sometimes pigsget fed, hogss get slaughtered.
You talk about the chemistryand we were talking about team.
You talk about I'm not going topractice for $2 million and he
was good.
He wasn't great.
But you hold out on yourbrothers in the trenches and say
I want more money.
You lose the locker room.
(16:34):
He said nobody's bigger thanthe program.
You're out.
Then every other AD and headcoach in the country says do I
want this?
Do I want this personality?
Do I want this personality?
Do I want this prima donna?
And he ends up getting half themoney at UCLA.
It's a really good learninglesson.
Speaker 1 (16:49):
It's a good learning lesson, but I'm still thinking
that kid's still going to make amillion bucks.
Yeah, crazy.
Speaker 2 (16:54):
Yeah.
But you look at Ashton.
Everybody said leave, go, getseven figures in the SEC and
he's going to be a top 10 draftpick and get a $30-plus million
guarantee contract.
Pretty good to stay, wasn't it?
That guy's, like Everybody inBoise, loves him.
Speaker 1 (17:09):
It was so funny because I listen to sports radio
and on the way in the nationalstuff on Fox and on the way in
this morning I came in reallyearly but the program that was
on it was all about Ashton Jante, all the way from my house in
on this national fox sportsprogram.
But as I was thinking, I'mthinking can you imagine the
impact to a university in boise,idaho, of having someone like
(17:34):
that do what he did?
Come back, oh yeah, the runthey had, the heisman run he had
, the way he carries himself,the way he carries himself, the
way he portrays himself, the wayhe talks about this place and
the money he took to stay versusgoing anywhere he could have.
There is no way to quantify theimpact that that one dude had
(17:58):
on a state and that's not likeoh yeah the university is easy
to say.
Speaker 2 (18:04):
We're going to get better enrollment views.
It was.
It was millions, millions ofdollars of impact for the
universe.
Speaker 1 (18:09):
That's easy tens of millions probably tens of
millions.
Speaker 2 (18:11):
The city's easy to see, yeah, but the state impact
that he has done in a classy wayof integrity and that's the
definition of our state right,the backbone of what we, what we
, stand for.
Speaker 1 (18:21):
And the way he carries himself.
Matt, is you like?
I was, because they wereplaying a couple of his
interviews and I thought youcould not like, you could not
feed those words, yep.
You couldn't.
To a human to say like JD, theschool, everyone's got to be
just like.
(18:41):
Oh, and it's so authentic, it'sso genuine, it is hit the
drafts next Thursday right, yep,it's next Thursday.
Speaker 2 (18:47):
I took my son to the pro day.
It was the coolest experienceoh, talk about that oh my gosh,
all 30 scouts are there andgenti's running, the other guys
are working out and it's justexplaining to him what's going
on and it's just, it's really,really cool he is built
different man.
Speaker 1 (19:00):
I mean, I know that's like one of their taglines, but
when you watch that guy runninghis shirt off.
Speaker 2 (19:05):
Can you imagine trying to tackle him, him coming
full speed at us?
Oh my gosh, I couldn't tacklehim in a phone booth and you
wonder about his durability.
Speaker 1 (19:16):
And then you see his body and you're like, okay, I
get it now, I get it now.
This guy, he's.
Speaker 2 (19:24):
he's unbelievable yeah, um, where do you think
he's gonna go?
I think writer six.
The gm kind of said that hisson's gonna disown him if he
doesn't draft him.
So unless he goes earlier thansix which was, is probably a
long shot, I see him going sixto vegas, which would be a good
excuse to go to vegas yeah, theywere talking uh, one thing I
hadn't considered they had.
Speaker 1 (19:38):
They were talking about, um, the perspective of
the draft, like if you're a teamand and there's only I guess
they're they're saying on theway and there's only really
seven offensive linemen that arelike elite, so some of this is
just not about him being likemaybe the best player in the
draft.
But when you're an nfl team andthere's only seven elite
(20:00):
offensive linemen and you've gota quarterback and that's your
hole as a left tackle, some ofthis is really positional where
people go right and I didn'trealize that.
But but I can't wait to watchwell, I mean you.
You talk about saquon barkleywinning the super bowl and what
he did that helped ashtontremendously, saying because
it's a copycat because runningbacks have been like if you look
, if you go back eight years,yep and and, and how they're
(20:23):
being paid and kind of, hey,they're kind of just, you know,
disposable.
Yeah, just get a young kid fromalabama that was a backup and
throw them in and, and you know,pay them a tenth of what you
would pay, yeah you know theboise legends are doing well.
Speaker 2 (20:36):
Kellen got the head coaching job of the saint.
I mean the boise legends aredoing well.
It's good to see.
Oh, it's so fun.
Speaker 1 (20:41):
Yeah, we're so lucky to have this here.
Speaker 2 (20:44):
Yeah, you look out at your views of these glass.
I mean, it's just you pinchmyself every day.
How grateful.
Speaker 1 (20:50):
Can we talk basketball?
Speaker 2 (20:51):
Yeah.
Speaker 1 (20:51):
I know that's your passion Talk about these latest
signings they have.
Speaker 2 (20:56):
Yeah, the UCLA point guard's going to be really,
really good.
That was all over social media.
Yeah, so he officially kind ofsigned up, which is amazing
because obviously losing Cardinihe started like 60-something
games down at UCLA, oh yeah, andhe's tough and he's a
competitor and losing Cardini isobviously he was such a great
point guard to lose him.
And to lose Tyson oh, losingTyson is so tough.
But we get a local kid backGeorgetown transfer.
(21:17):
He's from here, he committed toUSC a month ago.
I mean that's the kind ofplayer and talent he is.
He started every game atGeorgetown To get him.
He's about 6'10 and skilled andhe's going to be good.
And then our returning guys.
I mean I'm always excited.
Now we get on the Maui Classic,so it's an excuse.
Speaker 1 (21:37):
Are you going to go?
Speaker 2 (21:38):
I think I'm going to go.
It's an excuse to take the kidsand the wife to Maui and watch
some basketball.
Speaker 1 (21:44):
I need to go.
Speaker 2 (21:45):
I don't know if we'll get in it, at least the first
time we've ever been invited.
So you don't know if there'sgoing to be a second time.
Speaker 1 (21:50):
Right Yep, plus it's Maui Yep, leon's awesome.
Speaker 2 (21:56):
Yeah, he's a very servant leader, Very humble.
You know the leaders who havehumility.
I feel like do a lot better job.
Speaker 1 (22:03):
Yeah, like you talk about.
Speaker 2 (22:04):
Spencer, you talk about Dickie, you talk about
Leon, you talk about you.
It's when people, when peoplesense that I think they want to
perform better and perform.
You know, work harder.
Speaker 1 (22:16):
Yeah, I.
I just every time you hear himtalk the same same thing.
You're like man, we're just so.
We're so fortunate to havethese people leading right now.
Speaker 2 (22:25):
Uh I mean a new president.
Speaker 1 (22:27):
You're on the board for that right yeah, I've been
with, I've been with jd a lotlately because we're we're
co-chairing a subcommittee onthe president search.
We may talk about a little bit.
About that.
I think there's a lot of.
We have a.
We have our second listeningsession today at 11 down at
boyce state.
We had one monday and then nextMonday is a Zoom kind of
(22:47):
virtual that people can get on.
Speaker 2 (22:49):
You try to get down to the top three by a certain
date.
Speaker 1 (22:51):
So here's the latest of the latest, I think, what
they're going to do.
My guess this is purely just meguessing, but I think they'll
put an interim in because Ithink it's.
You can argue, and I think it'sa very good argument, that this
is the most important hire inthe state of Idaho by far
Currently On the table.
(23:12):
Yes, that may sound like well,it's just, but it is because,
with the trajectory of theuniversity, by the way, if you
look at what's happened whenMarlene got here and you just
see graduation rates, what'shappened on the academic side,
and then the hire of JeremiahDickey and what's happened on
(23:32):
the athletic side, and just thatguy is, I mean, he's just
unbelievable.
Yeah, he is, he is atransformational like guys like
that in the world come alongvery rarely.
They just do.
I mean I'm not-.
Speaker 2 (23:47):
I love being around them.
I get to be around them atleast once a week and I love it.
Speaker 1 (23:50):
It's unbelievable.
So you look at his trajectory,the university's trajectory, and
you get the right president whocomes in, who can take
advantage of that momentum.
Yep, this is the most importanthire in the state of Idaho.
Yeah, and I know that thecommittee, I know that the state
board and I know that thecommittee led by David Turnbull
I think they all, everyone knowsthat.
(24:10):
And you look at the makeup ofthose committees and then I want
to talk a little bit about theprocess.
So they've got thesesubcommittees.
We're doing these listeningtours right now and I think I've
been surprised.
The first one we had, peoplewere like well, we didn't know
that.
This was like, we thoughtsomeone was already picked.
I'm like no, no.
Speaker 2 (24:26):
And I like that there's business leaders like
Turnbull on this board who seethe big picture of where this
thing can go.
Speaker 1 (24:33):
Yes, and then I do think like it was really
wonderful Two hours of listeningto people talk about what they
think is important to the nextpresident, authentically
listening.
And you look at our board, ourlittle board.
We got Alan Dykman, love Alanand Neil Nilsen and Garrett
Lofto there's just a few of them.
(24:53):
That's our subcommittee Wow,and all of these guys.
What's been cool is they're allattending these listening
sessions.
You got the CEO of Simplot Wow.
Put that in perspective on asubcommittee.
Speaker 2 (25:08):
Prioritizing the subcommittee.
Speaker 1 (25:09):
And when I called him , I called Garrett and I'm like,
hey, Garrett, I mean guys, youlook at international businesses
that are privately held.
They're one of the top five inthe country, right?
And I'm like, hey, will youserve on a sub?
He's like, yeah, I'll be there.
This is a big deal.
Speaker 2 (25:26):
The amount of talent right here under our little
umbrella, like I get to sellVivek's house and the CEO of
Albertsons and I'm just tryingto pick his brain Like leading
Pepsi and 250,000 employees andI have 17, and it's a lot.
I'm like just getting to bearound these kind of people.
Speaker 1 (25:45):
And kind of people and on subcommittee are you
kidding me?
And right here, and they're ona subcommittee committing to
coming to all these listeningsessions and being part of
putting the report togetherthat's due on may 5th, like you.
So, so so for everyonelistening, I mean, it is it.
I think they're going to do theright thing.
I think it's going to be verymuch.
It's going to be, uh, you know,you know smooth as fast, right,
yeah, so so it's like we'regoing to try to get as many
(26:07):
candidates the right candidate,make it really good hire and
make a recommendation.
Um, I think the target probablyis, you know, a.
Realistically, I think early onI was like, let's go find
someone, and I think now it'sgoing to be hey, let's really
get the right person.
Speaker 2 (26:19):
Yeah, so it's a big hire.
Like you said, it's a big hirelike you said, it's a big hire.
Speaker 1 (26:22):
But again, the other nice thing is I get to be around
JD a little bit more right now.
Speaker 2 (26:25):
Yeah.
Speaker 1 (26:26):
That guy's legit oh yeah, Legit North end zones
looking.
Oh you going to get tickets inthe north end zone?
I can't.
No, I don't make enough moneyto do that, oh shoot.
Speaker 2 (26:44):
I'm just a have one.
Yeah, I'm working on it, I'mtrying.
I want to get down there.
Speaker 1 (26:49):
The players run through before the game.
Maybe we could split one.
There we go.
I don't think they have anyleft.
Speaker 2 (26:53):
It'll be like a timeshare have four of us go in.
Speaker 1 (26:57):
I'm a timeshare guy right.
No exciting things.
It's been, it's, uh, it's justbeen, and I know you're, you're,
it's, it's a huge part of ofyour life and you've been so
committed and helpful to theprogram.
I love it, Uh and uh.
You know they I mean guys likeyou, um, that are played their
(27:17):
passion for it it's.
I can't imagine the impact youmake every day just being a
representative of the universitylucky to have you.
Speaker 2 (27:25):
No, I love it.
It's, uh, it's definitelysomething that's a big passion
how's your family?
They're doing really good.
My wife tore her achilles sothat was a big roadblock.
It's a big injury.
Speaker 1 (27:34):
I tore my achilles in the three on three basketball
tournament at st luke's reallyand I had this girl that was
guarding me, who was awesome,and I put a move on her and I'd
pop my Achilles and I would yeah, yeah she just it was the end
of my, it was the end of my oldguy basketball career, that's
how she doing, because it's not.
Speaker 2 (27:52):
It's not an easy thing.
She's already walking.
It's been about three weeks.
She's, she's a trooper.
She's tougher than me, that'sfor sure.
I mean, she was wanting rehabday 15 and they're like slow
down and she's like no hey, so Isit by the basketball games.
Speaker 1 (28:04):
Your kids are the cute, they're the cute.
Your son is like a mini you he,because you go nuts at the
games, right, and he gets up andit's like it, literally like I.
I gotta get a video because hetakes his hat off, he throws it,
he does the same kind ofgestures.
But I gotta tell a quick story.
So I'm sitting there watchingone day and like you're so into
(28:24):
the game and I can see they'reasking you for like popcorn or
candy or something and you'rejust like, like, literally, like
, like this is not like no one'sgonna call cps or anything, but
like they're asking theirfather for like some treats at
the game and you're like pushinghis hand away and so I'm
texting you like, hey, feed him.
Uncle tommy can like go getthese guys some popcorn or
(28:45):
something they got 42 snacksthere and they want the 43rd one
that's.
But the funny thing is you don'teven see the text, or like two
hours after the game becauseyou're so into it.
So I saw your wife.
I'm like, hey, if I ever needto like oversee this thing to
make sure that they're takencare of, I'm happy to jump in
and help, because he's motivatedby sports In the mornings he
doesn't want to wake up If hehas a game.
Speaker 2 (29:06):
I'll be like you have a game this morning.
He'll go like this oh yeah,boom, he's very into it.
He is a cute.
They're so cute, thank you.
How old are they now?
Six and 10.
Naya's 10 and Bam's six.
Speaker 1 (29:19):
Is he only six, like eight or nine yeah?
Speaker 2 (29:21):
he's been sitting on the court since he was two.
I said he was five back thenyou have to lie.
Speaker 1 (29:24):
I think I took my grandson and one of my favorite
guys down there comes over likeyou know, he's, he's wonderful.
And he's like hey, how old'syour grandson?
I said five.
I'd check the rules, right.
He's like he is.
Yeah, he's five in his heart.
Baby, yep, he's mine.
That's cool, that's awesome.
Hey, thank you for all you know.
Speaker 2 (29:43):
Thank you for having me.
Thanks for coming on.
Speaker 1 (29:45):
This is awesome update and um and uh, we had to
end go broncos.
Yeah, thank you, tom, Iappreciate it.
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