Abstract:
The purpose of the Plan is to use the tools provided by urban renewal (ORS Chapter 457) to
overcome barriers to the development of the Area and create economic opportunities that will
benefit local and regional residents. These tools include tax increment financing (see Section X),
which means that the property taxes resulting from growth in property value within the Area can
be used to finance improvement projects and programs, and the acquisition and sale of land for
redevelopment as part of a public/private development partnership. [From the Plan]
Description:
Item contains two files: 1) Urban Renewal Plan and Report. 34 pp. Includes figures; 2) Map. 1 p. Published September, 2006. Captured February 12, 2008.