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Commission recommends Moreno–Cascade urban renewal plan to council, ties TIF to attainable housing
Summary
Planning Commission recommended approval of the Moreno–Cascade Urban Renewal Plan, enabling tax-increment financing for a hotel-driven redevelopment that includes a pledged attainable-housing component of roughly 77–115 units tied to TIF funds.
The Planning Commission recommended City Council approve the Moreno–Cascade Urban Renewal Plan on Dec. 10, advancing a roughly 1.7-acre renewal district west of Cascade anchored by a proposed hotel development and an attainable-housing component.
Urban Renewal Authority staff and the proposed developer said the hotel will be the TIF driver; the URA will restrict the use of tax-increment proceeds in program documents to support an attainable-housing package (described in the URA materials as approximately 77–115 units). URA leadership said taxing entities and the authority reviewed the plan and that the TIF contribution to housing was an explicit condition of support.
Planning staff framed the commission’s role narrowly: state statute requires a finding of consistency with the city’s comprehensive plan (Plan COS). Staff’s analysis concluded the proposed renewal plan is consistent with Plan COS objectives for downtown vitality, housing diversity, and catalytic redevelopment. Commissioners asked for clarity about affordability definitions; URA staff specified the housing target as an attainable range (roughly 80–100% of area median income) and said specific commitments (size, tenure, long-term affordability restrictions) will be defined in the URA’s development and financing agreements.
The commission moved to recommend council approval; the motion passed unanimously. The URA and developer will continue to negotiate the development agreement and TIF terms for council consideration.
