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City Council to Review $6.1M Urban Renewal Spending Authority Increase for Downtown Projects

November 08, 2024 | The Dalles, Wasco County, Oregon


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City Council to Review $6.1M Urban Renewal Spending Authority Increase for Downtown Projects
In the heart of The Dalles, city officials gathered to address pressing financial matters that could shape the future of local development. The Planning Commission meeting on November 7, 2024, revealed significant insights into the city’s fiscal landscape, particularly concerning the agency's spending authority and ongoing projects.

A thorough fiscal analysis unveiled constraints that have left the agency with a total spending authority of $29 million. However, after accounting for various commitments, only about $2.2 million remains unallocated. This situation is compounded by obligations to fund projects stemming from a 2009 bond, notably the long-delayed First Street project. This initiative has faced numerous starts and stops over the years, leading to substantial expenditures on design alone. Currently, the estimated cost to complete the First Street project stands at $7 million, with the city and agency having already set aside $3.8 million, resulting in a $3.2 million shortfall.

As discussions unfolded, it became clear that the agency is at a crossroads. Officials highlighted the need to choose between continuing with the First Street project or redirecting funds to invigorate downtown properties. The latter option emerged as a priority after engaging with local business owners, who expressed a strong desire for investment to revitalize the downtown area.

To address these challenges, the commission proposed an increase in spending authority by $6.1 million, pending approval from the city council. Importantly, this adjustment would not raise property taxes; instead, it would involve reallocating existing tax revenues from various districts to the agency.

As the meeting concluded, the implications of these financial decisions loomed large. The choices made in the coming weeks could not only determine the fate of the First Street project but also set the stage for the revitalization of The Dalles’ downtown, a move that could breathe new life into the community and its economy.

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Scribe from Workplace AI
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