Portland launches transformative plans for community revitalization
October 24, 2024 | Portland, Multnomah County, Oregon
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The proposals, which will be voted on during the October 30th city council session, are the result of a year-long collaborative process involving community representatives, local governing bodies, and various stakeholders. Commissioner Rubio highlighted the establishment of new Tax Increment Financing (TIF) districts, which are designed to stimulate economic growth without raising taxes for residents or businesses. These districts are expected to address housing market pressures and promote home ownership in East Portland while also supporting large-scale projects in the Central City.
Deputy City Administrator Donnie Olivera and interim executive director of Prosper Portland, Shea Flattery Petain, reiterated the importance of community engagement in shaping these proposals. They noted that the plans are a culmination of extensive discussions and feedback from community members, businesses, and city staff.
The council's commitment to ongoing collaboration with the community was emphasized, with officials expressing hope that these investments will lead to prosperous neighborhoods and a revitalized urban core. The meeting underscored a collective vision for Portland's future, focusing on equitable growth and sustainable development.
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