The Downtown Advisory Board met yesterday the 1st, and there are several things to note from the agenda. Several are pleasant, even exciting. (Agenda and meeting packet here.)
At the top of the list is a current rendering finally of the project for a safe crossing on Commercial at Union Street.
|From December 1st DAB meeting|
|A much earlier concept from 2013 or so|
- No southbound bike lane on Commercial Street, either north or south of Union
- Sharrows only on east side of Union Street, angle parking remains
- A standard bike lane westbound on Union, west of Commercial
- The corners on the west side of the intersection are more rounded and less squared off, which will make zoomy turns easier for those in cars
|The design helps some, but not all people who bike|
|New view: Looking west from midblock|
Total project costs are estimated to be $8.9 M, which is an estimated $10.87 leverage of private investment for every $1 of Riverfront-Downtown Urban Renewal funds....Here's the part that I don't get. This project has been in the works for a while. Is the subsidy really necessary in order for the project to happen? Or is this just slush now for the developers?
The FY 2016-17 Riverfront-Downtown Urban Renewal Budget has an allocation $4M for Opportunity Purchases. On October 24, 2016 , the Agency Board approved an Opportunity Grant to PDQ Investments in the amount of $740,000, leaving a remaining balance of $3.26M. This project aligns with the following RDURA and Downtown Strategic Action Plan objectives to 1) removal of blight; 2) leverage of dollars; 3) connectivity to downtown; 4) increased tax increment funds; and 4) increased vibrancy.
The project for the apartments at 245 Court Street asked for its subsidy much earlier in the process, and on the face of it that is evidence that the incentive is more necessary in order for the project to happen at all.
In their application the Park Front developers reference increasing construction costs as well as environmental abatement work because of the paper mill's pollution. So maybe the incentive really is necessary now.
The projects are similarly sized, and it's not like this new request is clearly inconsistent with the way we are currently using urban renewal subsidy. But the timing of the request looks a little suspect. Hopefully there was some appropriate questioning at the DAB meeting.
|Penny's Plaza and the alleyway is charmless and desolate|
|I think this was the last public concept for State Street|
From the June 13th, 2013 Open House
Even with the compromise of door-zone bike lanes shown here, two-way functioning on State Street would just be huge.
There's also budget for
Consulting costs currently being scoped to place permanent structures on the plaza located north of the Transit Mall on Chemeketa Street between Church/High for a market and public activities.That also sounds good!
All in all that's a substantial number of positive developments.