The Waterfront urban renewal district has been a statewide example of effective use of tax increment financing. The recently resized district stretches north of I-84 from Nichols Basin to Front Street. The district funded several odor control projects at the wastewater treatment plant, redevelopment of Portway Ave. and addition of 2nd Street and Anchor Way.
–UPDATE – Proposed Maximum Indebtedness Increase–
The Urban Renewal Agency initiated the 1st Substantial Amendment to the Waterfront District Plan on March 11th, 2024, through Resolution 2024-URA-03. This amendment adds $2.15 Million in spending authorization, referred to as “Maximum Indebtedness” (MI). The purpose is to continue funding the Waterfront Stormwater Replacement Project. Additional information is available by clicking on the images below:
Presentation on the Waterfront MI Increase
Waterfront 1st Substantial Amendment - We’d Like to Hear from You!
Do you have questions about the 1st Substantial Amendment to the Waterfront District Plan? Please use the fields below to get in contact with the City's Urban Renewal Administrator directly.