The City Center (Downtown) Urban Renewal program helps finance projects that help revitalize Downtown Tigard. Funding from the urban renewal program includes matching grants for owners of existing businesses in the City Center Urban Renewal District to make improvements to their business.
The City Center (Downtown) Urban Renewal Plan was approved by voters in 2006. Funding for projects was limited by the Great Recession. The voter-approved (May 2017) area expansion will fund more projects from the original plan. The expansion includes the addition of seven new tax lots.
Impact of Urban Renewal in Downtown Tigard
- $47.5 million in private investment
- 55% increase in assessed property value
- 200+ multifamily housing units constructed
- $1.2 million in private investment in downtown businesses
- Attwell off Main: 165-unit mixed-use development (attracted $31M in private investment)
Future Projects Include:
- The Universal Plaza and other public spaces for community gatherings
- Mixed-use development projects
- Street network & sidewalk improvements
Projects Completed or Underway
Attwell off Main: 165-unit mixed-use development (attracted $31M in private investment)
25 grants to downtown businesses for property improvements (3:1 leverage ratio of private to public investment for grant-funded projects)
Complete reconstruction of Main Street & Burnham Street
The Tigard Triangle has a lot to offer. It also has significant infrastructure problems. Urban renewal can help overcome these problems with projects that improve walkability, address transportation issues, and help businesses grow in Tigard.
- Dirt roads/lack of sidewalks
- No sewer/broken sewer
- Red Rock Creek erosion
- Traffic congestion
- New streets and sidewalks
- New trails and parks
- Major sewer line repairs
- Red Rock Creek restoration
- Intersection improvements
- Small business support
Why is Urban Renewal Needed Here?
Urban renewal is helpful in fixing infrastructure deficiencies and supporting catalytic development in the Triangle. since the type of development desired by the community (and allowed by zoning) is not supported by market conditions. Urban renewal, and the funding it brings, can help get pioneering projects off the ground with incentives, partnerships, and financial or technical assistance. It can get the ball rolling, so to speak, and effectively change the market conditions in the Triangle to align with the community’s vision.
Urban renewal also signals to the development community that the city is committed to the area. In emerging mixed-use areas, private investment typically follows this kind of public commitment
The benefits of urban renewal in the Triangle are:
- Improves Tigard’s long-term financial health
By bringing new businesses into the Triangle, urban renewal increases Tigard’s tax base over time which, in turn, helps fund future city services for all Tigard residents.
- Provides a stable funding source
By creating a stable long-term funding source (without creating a new tax), the city can build or fix infrastructure that it may otherwise delay or never be able to afford
- Steers investment toward an area ready for change
By focusing on the Triangle, which is already zoned for commercial and residential density, urban renewal steers investments toward an area of the city that is the most ready for change.
- Furthers Tigard’s walkability goal
By shifting the character of the Triangle from an auto-oriented district with suburban offices and big-box stores into a pedestrian-oriented district with a diverse mix of destinations and activities, urban renewal can help further the city’s goal of becoming a more walkable, interconnected and healthy community.
- Supports travel by alternate modes
By fostering the creation of a complete community—one which has jobs, housing, services, and transit—urban renewal can make travel by alternate modes (travel by foot, bike, or transit) more desirable. This could alleviate traffic congestion or, at the very least, not contribute to it allowing the city to reap the benefits of growth without some of the impacts of growth.
The Tigard Triangle Urban Renewal Area will last 35 years to build needed projects. Read more about the community’s vision for the Triangle. Supporting Documents