3.23.2015 URA Visioning SessionUrban Renewal History
March 23, 2015
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Importance of Historic Downtown
Center of economic activity
Center of social activity
Past, present and future
Human scale communities
Built around transportation node
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Downtown Degradation
Car-centric culture
Malls, strip malls, drive-thru’s
Urban sprawl and suburbs
Parking
Storefront modifications
Large Walmart-like competition
Small businesses cannot compete
Disinvestment and relocation
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History of Woodburn and Urban Renewal
Traffic & business shift to Highway 99 E
Disinvestment in downtown properties
Shifting demographics
Downtown Development Plan (1998 & 2010)
Urban Renewal District (2001)
Vote
Effort
Plan
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Woodburn Urban Renewal
Historic Cultural District
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Walkable Downtown: 60% Live Within One Mile
Anchoring Institutions
City Hall
Library
Boys and Girls Club
Aquatic Center
Woodburn Transit Center
Pacific University
Chemeketa Community College
PCUN & CAPACES Institute
Post Office
Woodburn Independent
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Downtown Assets
Railroad
Downtown Plaza
Settlemier Park
Woodburn Skate Park
Historic architecture (63%)
Latino business identity
Piñata, ice cream, & tortilla production
Community events
Grocery stores
Affordable housing
Water tower
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Downtown Historic Commercial Building Survey
59% of properties eligible for historic designation
29% of properties may be eligible with historic façade renovation
4% historically significant properties
Only 7% not eligible/out-of-period
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Years
Tax Revenue
Base Frozen in 2001:
To taxing jurisdictions
Taxes on Growth:
To URA
Shared Revenue:
To taxing jurisdictions
Tax Increment Financing
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Original URA Assumptions
Original borrowing capacity of the Urban Renewal District was estimated at $29 million, based on the following assumptions:
Development of Young Street
Development of properties on Highway 99 E (Silverton Health properties)
Commercial development of Commercial General (CG) properties along I-5
Increasing property values
Housing recession and decrease of tax revenues
Building maintenance does not increase property value
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Urban Renewal Project Expenditures
N. Front Street $2,050,000
Downtown Plaza $325,000
Grant and Loan Program $273,279
Association Building $60,000
Fire Station Remodel $676,000
Total $3,384,279
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2012-13 Borrowing Capacity
Projects identified in 2012 through community surveys and Agency discussions, based on $5 million borrowing capacity assumption:
Association Building
First Street
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2015-16 Borrowing Capacity
Current District borrowing capacity estimated at $3.5 million
Estimate based on following assumption:
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Project Prioritization
Prioritize highest to least important and set clear goals and outcomes
Urban Renewal Grant and Loan Program
Association Building
First Street
Public restroom
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Grant and Loan Program
Grant and Loan Program 2011-2015
Interior grants up to $5,000
Exterior grants up to $10,000
Large renovation grants up to $50,000
50/50 matching investment
Grants Awarded: $302,683
Total Investment: $801,491
Design and Development Services
$50 for $3,000 of Design Services
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Association Building
Development Estimates:
$600,000 to $2,500,000
Development goals
Budget
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N. First Street
Development Estimates:
$2,500,000 -$3,500,000+
Development goals
Amenities
Budget
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Public Restroom
Development goals
Budget
Long-term maintenance covered by General Fund.
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N. First Street Properties
Demolish structures to prepare site for development
Will not impact Agency’s ability to complete other projects
Market site for residential development
Habitat for Humanity
Farmworker Housing Development Corporation (FHDC)
MAPS
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Recommendations
Based on Agency direction, staff will return with the next steps.
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