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Urban Renewal Board OKs start of negotiations with Paladrome Properties for downtown redevelopment
Summary
The McMinnville Urban Renewal Agency voted unanimously to allow the city manager to negotiate a memorandum of understanding with Paladrome Properties Group LLC for redevelopment of parcels at 904 NE 10th Avenue and 836 NE Alpine Avenue.
The McMinnville Urban Renewal Agency voted unanimously to approve Resolution 2025-03 authorizing City Manager Jeff Towery or his designee to enter into and manage a memorandum of understanding with Paladrome Properties Group LLC to negotiate redevelopment of properties at 904 Northeast 10th Avenue and 836 Northeast Alpine Avenue.
The resolution, introduced at the agency meeting, directs staff to begin negotiations and — if the board authorizes it later — to develop a subsequent development agreement. City Manager Jeff Towery told the board that, if the resolution passes, the agency would schedule an executive session to set negotiating parameters and identify the negotiating team.
Why it matters: The parcels are in an area the agency hopes to redevelop for mixed-use housing and commercial activity; the memorandum of understanding…
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