Project Description
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
Urban Renewal Area (URA) Fast Facts
- Created: 1984
- Total Acres: 233.1
- Last date to issue long-term debt: April 2018
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
- RiverPlace
- Pioneer Place
- Union Station preservation
- Old Town/Chinatown: 3rd and 4th Ave. Streetscape Improvements
- 8 NW 8th
- White Stag building
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 MapDOCUMENTS
- 20196615
- 19843825
- 23434715
- 7561819
- 19888
- 19888
- 19888
- 19888
- 19888
- 3080815
- 3053180
- 4172932
- 4386329
- 5390428
- 1413836
- 187946
- 2628827
- 2177123
- 762619
- 194591