This ongoing effort has evolved since the initial discussions in 2004. Below is a list of key decisions and recommendations.
Mayor Adams announces continued effort to form Education Urban Renewal Area in his 2012 State of the City Address.
Resume public process.
State of City Address, Mayor announces new approach to downtown tax increment investment focusing on expanding Portland State University as a leading engine of economic growth, prosperity, and opportunity.
Evaluation Committee process put on hold by Mayor
70% Draft Urban Renewal Area Proposal reviewed by Evaluation Committee
Creation of the Potential Central City Urban Renewal Area Evaluation Committee to address URAG recommendations
The Westside Study Urban Renewal Advisory Group amended 3 downtown URAs (River District, South Park Blocks and Downtown Waterfront) and recommended that PDC study the potential for a new urban renewal area downtown.
The Central City Urban Renewal Study Committee recommended PDC study the feasibility of moving portions of Old Town/Chinatown out of the Downtown Waterfront URA and into the River District URA to address blighted properties and the lack of funds in the Downtown Waterfront URA.
August 2010 Urban Renewal Area Proposal
This proposal was developed by PDC, as directed by the Evaluation Committee. The Mayor, as chair of the Committee, has since reformulated his approach on a Westside tax increment district. This proposal is no longer being discussed.
April 2009 Preliminary Westside Central City Urban Renewal Study
The Preliminary Westside Central City Urban Renewal Study is a financial and technical report prepared by ECONorthwest for PDC in conjunction with the Bureau of Planning and Sustainability. It provides an analysis of the financial feasibility of a potential new urban renewal area in Portland’s Westside Central City area, and assesses the ability of such a URA to contribute to implementation of current and future City goals, policies, plans and processes.
The inclusion of a property in this evaluation does not directly imply that the site either will or will not be included in any future URA or further feasibility studies. Tax increment shown is only for evaluative purposes. It does not reflect the amount available for projects.