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2023 Urban Renewal Plan
The 2023 Urban Renewal Plan (PDF) consists of seven priorities located within the district's boundaries.
The tax increment financing created in the District and the existing cash on hand allows the Urban Renewal Commission to invest approximately $40 million, provided authority to distribute bonds to attract funding to invest in projects is approved by the voters. The Urban Renewal Commission has identified three priority projects, Rossman Landfill, Clackamette Cove, and the Stimson Property (1795 Washington Street) to initially use bond distribution proceeds to invest in.
The Urban Renewal Commission has estimated investment ranges for each project utilizing bond proceeds. It has also projected potential private investments that may be attracted to each project during development.
Rossman Landfill Urban Renewal Development information
Category | Urban Renewal Investment | Private Investment | Total |
---|---|---|---|
Public / Private Partnership | $20,000,000 to $30,000,000 | $240,000,000 | $260,000,000 to $270,000,000 |
- The property served as the area's landfill for many years and has been underdeveloped since the 1970s.
- The property is considered a brownfield site, which means it has existing pollutants that makes it very difficult to be developed.
- The site is comprised of 62 acres and is privately owned.
- With a well-experienced and capable developer, the property could feature various amenities including housing opportunities, retail options, hotel property, entertainment venues, and infrastructure improvements, hence, enhancing the community's economic growth.
Clackamette Cove (The Cove)
Category | Urban Renewal Investment Range | Private Investment | Total |
---|---|---|---|
Publicly Owned | $4,000,000 to $8,000,000 | $80,000,000 | $84,000,000 to $88,000,000 |
- The Cove was once a gravel quarry up to 1993.
- The site is now owned by the Urban Renewal Commission.
- The subject property is 75.57 acres.
- The Cove faces several environmental-related challenges, not least of which is the seasonal reoccurring appearance of blue-green algae blooms.
- The site will need to undergo extensive environmental mitigation in order for it to realize its true economic and recreational development potential.
- As a developed site, it is envisioned as having a water-based recreation amenity along with retail and housing opportunities.
Stimson Property (1795 Washington Street)
Category | Urban Renewal Investment Range | Private Investment | Total |
---|---|---|---|
Publicly Owned | $4,000,000 to $10,000,000 | $60,000,000 | $64,000,000 to $70,000,000 |
- Property is owned by the Urban Renewal Commission.
- Property is 6.83 acres.
- The site has an existing structure on it that is being leased to a commercial tenant.
- The property is w1derutilized and has not reached its full economic development potential.
- The entire property is within a flood zone.
- There have been discussions about putting a hotel on the site that would complement. tourism-related development that might occur on the Rossman Land Fill Property and on other nearby properties.
Additional Projects of Interest
The Urban Renewal Commission has identified additional projects of interest that may be invested in during a possible second wave of bond revenue generation. These projects include the County Court House, End of the Oregon Trail Interpretive Center (1726 Washington Street), The Quiet Zone, and 12 and Main Street.
County Courthouse
Category | Urban Renewal Investment Range | Private Investment | Total |
---|---|---|---|
Publicly Owned | $5,000,000 to $10,000,000 | Unknown at this time | Unknown at this time |
- 807 Main Street.
- County-owned property.
- Completed in 1936.
- Three-story historic brick building, sitting on.94 acres.
- The courthouse facility has deteriorating foundation challenges and would require significant spending to keep the entire structure from collapsing, especially during an earthquake.
- If significant investment is made to shore up the foundation of the Courthouse, the site should continue its contribution to the economic vitality of the downtown.
End of the Oregon Trail Interpretive Center (1726 Washington Street)
Category | Urban Renewal Investment Range | Private Investment | Total |
---|---|---|---|
Publicly Owned | $1,000,000 to $3,000,000 | $0 | $1,000,000 to $3,000,000 |
- Property owned by the City.
- Tenant is the Clackamas County Historical Partners.
- Property sits on 8.08 acres.
- Total square footage of buildings is 33,700.
- The parking lot has severe alligator cracking.
- There are significant cracks in the Henderson Farm walls.
- Previous awnings covering the main building's wagons were damaged and removed.
- Several exterior walls of various structures of the facility need to be replaced.
- Structural flooring/decking is in poor condition and should be replaced.
- Repair costs are estimated at $3 million.
Quiet Zone
Category | Urban Renewal Investment Range | Private Investment | Total |
---|---|---|---|
Public Infrastructure | $600,000 | $2,000,000 | $2,600,000 |
- Public infrastructure project.
- A "quiet zone" is an area where railroads are directed to cease the routine sounding of train horns when approaching public highway-rail grade crossings, though train horns may still be used in emergency situations.
- At-grade crossings within a quiet zone still have standard flashing signals and audible bells.
- Railroad track crossings at 10th and 11th Street.
- Having this feature installed will enhance the development potential on sites along the downtown route for retail and/or housing options.
12th & Main Street (Vacant Property)
Category | Urban Renewal Investment Range | Private Investment | Total |
---|---|---|---|
Publicly Owned | $2,000,000 to $5,000,000 | $25,000,000 | $27,000,000 to $30,000,000 |
- Property is owned by the Urban Renewal Agency.
- Property is 0.43 acres.
- The site is vacant and encumbered with utility infrastructure through the site impacting the development Opportunities.
- The property is underutilized and has not reached its full economic development potential.
- There have been discussions about putting a mixed-use residential/retail development on the property.