The Waterfront urban renewal district is 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 as the wastewater treatment plan, redevelopment of Portway Ave. and addition of 2nd Street and Anchor Way. The district is currently paying to replace the waterfront’s failing stormwater system. This FY2023-24 is the district’s final year collecting tax. An estimated $74 Million in assessed property value will be transferred from the district to the general tax rolls next year, benefiting parks, library, transit, and public safety services.
:: Urban Renewal :: Urban Renewal – Waterfront District