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Prosper Portland outlines TIF district plans, new Office of Small Business and office‑to‑residential pilots
Summary
Prosper Portland updated councilors on six newly created TIF districts, an incoming Office of Small Business, office‑to‑residential pilot projects in Old Town and progress on the OMSI central city master plan.
Prosper Portland briefed the City Council on Jan. 30 about initiatives tied to tax increment financing (TIF), a new Office of Small Business, and office‑to‑residential conversion pilots intended to catalyze affordable and mixed‑income development.
Interim executive director Shay Flattery‑Betin said the previous council created six new TIF districts—three in the Central City and three in East Portland—and that those districts will generate resources meaningful at scale beginning in roughly five years, when revenue accrues enough to support bond issuance. She emphasized that council will…
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