Urban Renewal – Does it work?
For the March OCBA meeting, James Graham, Oregon City’s Economic Development Manager, and his team of consultants explain how Urban Renewal (UR) has been an effective tool in stimulating new economic development throughout the Metro region. For decades, local cities have been utilizing UR as a primary resource to stimulate new business and employment opportunities on difficult and challenging sites. Many times, UR includes tax incentives or public/private investment joint ventures to complete the project. Oregon City has numerous locations where this has been implemented already, but more importantly many more sites that are still in need of this added stimulus in order to get off the ground.