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Urban Renewal Agency approves $1.2M in Riverfront District funds, including $1M for Steam Plant redevelopment
Summary
The Urban Renewal Agency adopted its supplemental budget and allocated $1,200,000 for Riverfront projects: $1,000,000 for Steam Plant redevelopment and $180,000 to support affordable housing on Parcel 2; development teams will begin site investigation and predevelopment activities in FY26.
The Urban Renewal Agency on Dec. 8 approved its first supplemental budget for the 2025–27 biennium and included $1,200,000 in Riverfront District funding. Agency staff said $1,000,000 is earmarked to support redevelopment of the Steam Plant and $180,000 to support affordable housing development on Parcel 2; beginning in FY26…
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