Source: https://prosperportland.us/portfolio-items/downtown-waterfront/
Timestamp: 2019-12-15 05:31:46
Document Index: 702000233

Matched Legal Cases: ['art 1', 'art 2', 'art 3', 'art 4', 'art 5', 'art 1', 'art 2', 'art 3']

Home>Downtown Waterfront, Urban Renewal>Downtown Waterfront
Downtown WaterfrontLisa Norwood2018-10-16T16:56:01+00:00
Expired in April 2008, the Downtown URA won’t officially close until all bonds have been paid off. Until that time, Prosper Portland investment continues to strengthen downtown’s role as the heart of the region’s economic growth and success.
Contact: Sarah Harpole, email or 503-823-3337
Total Acres: 233.1
Last date to issue long-term debt: April 2018
The Downtown Waterfront Urban Renewal Area (DTWF URA) is one of Portland’s most successful examples of urban renewal and tax increment financing. Since 2001, assessed land values in the DTWF URA have increased an average of four percent annually, from a total of $653 million to $918 million. To continue strengthening downtown’s role as the regional center for finance, trade, education, culture, retail, professional and governmental services, Prosper Portland facilitates both private and public partners’ revitalization efforts to keep downtown Portland vibrant and healthy.
Over the years, Prosper Portland has worked with community and business partners to complete a number of successful development and rehabilitation projects and public improvements in the URA, including:
Tom McCall Waterfront Park—Portland’s signature riverfront park
The Yards at Union Station—housing development
Union Station preservation
Old Town/Chinatown: 3rd and 4th Ave. Streetscape Improvements
These efforts have leveraged a significant amount of private investment, generated additional property taxes for multiple taxing districts, and transformed the downtown area.
Old Town/Chinatown Five-Year Action Plan
The historic Old Town/Chinatown neighborhood spans two urban renewal areas. While it originally lay within the Downtown Waterfront URA, expansion of the River District boundaries in 2009 included portions of Old Town/Chinatown to help meet community goals and objectives for the area. In July 2014, Prosper Portland launched the Old Town/Chinatown Five-Year Action Plan, which outlines recommended steps and resources to create a safe, vibrant, economically healthy neighborhood that will maintain Old Town/Chinatown’s unique character and harness its opportunities. Thirteen key actions are identified to achieve three strategic objectives:
Attract new neighborhood investment to activate key properties and improve district connectivity;
Promote business vitality by increasing employment and retail activity; and
Align resources and build local capacity for improving district livability.
Downtown Waterfront URA Boundaries Map
View large Downtown Waterfront URA Boundaries Map
Ankeny Burnside Development Framework - 1 of 2
20196615
Ankeny Burnside Development Framework - 2 of 2
Ankeny Burnside Development Framework - Appendices
23434715
Downtown Waterfront URA Plan
Downtown Waterfront URA Plan Amendment 1
Downtown Waterfront URA Plan Amendment 2
Downtown Waterfront URA Plan Amendment 3
Downtown Waterfront URA Plan Amendment 4
Downtown Waterfront URA Plan Amendment 5
North Old Town-Chinatown Redevelopment Strategy Part 1
North Old Town-Chinatown Redevelopment Strategy Part 2
North Old Town-Chinatown Redevelopment Strategy Part 3
North Old Town-Chinatown Redevelopment Strategy Part 4
North Old Town-Chinatown Redevelopment Strategy Part 5
5390428
Old Town Chinatown Development Plan Part 1 Chinatown Report 1999
Old Town Chinatown Development Plan Part 2 Appendix A 1999
Old Town Chinatown Development Plan Part 3 Appendix B 1999
2628827
Old Town Chinatown Five-Year Action Plan
Old Town Chinatown Vision Plan 1997
Old Town Chinatown Visions Development Plan Update 2003