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Urban Renewal
Urban Renewal
Urban renewal is an economic development tool used in over 100 urban renewal areas in Oregon. Urban renewal does not increase your property taxes.
How it works
- It dedicates funds to an identified neighborhood so a city’s urban renewal agency can focus on improving the area.
- It is often used to provide infrastructure to help spur economic development.
- Urban renewal changes how the existing taxes paid on a property are divided out amongst different taxing districts like the City and Multnomah County.
- As the value of properties in the urban renewal district increases, money becomes available to use on the projects.
- Urban renewal in Gresham can provide funding for projects.
The Gresham Redevelopment Commission (GRDC) administers the Gresham's renewal plans.
Projects
Downtown/Civic
Downtown/Civic is a proposed 900-acre urban renewal area with an estimated $211 million to be invested over the next 30 years. Learn more.
Rockwood
- Project Overview
- Rockwood B188
- Project Stats
- 2024 Accomplishments
Gresham's 20-year urban renewal plan includes improving Rockwood's economy and community. It's a partnership among residents, property and business owners, and the City of Gresham.
A citywide vote in 2003 established the 1,211-acre Rockwood-West Gresham urban renewal area. In 2022, Gresham voters approved extending the urban renewal district from 2023-2029. This gives the City more time to spend approximately $37 million over the next years on new projects.
Documents and reports
- Rockwood-West Gresham renewal plan
- Report on Rockwood-West Gresham renewal plan
- Rockwood-West Gresham Urban Renewal map
- Rockwood-West Gresham renewal plan status report 2020
- Rockwood-West Gresham Urban Renewal neighborhood associations
- Rockwood-West Gresham proposed renewal extension FAQs
- Rockwood-West Gresham renewal plan video