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Troutdale urban renewal agency outlines $8–11M investment and limited options to revive Confluence site
Summary
Urban renewal staff told the agency budget committee the Confluence site (Sandy River waterfront and Sharon Nesbet Park) carries roughly $8–11M in public investment, limited cash, and outstanding TIFF/non‑TIFF debt; redevelopment negotiations continue but project financing and market conditions constrain options.
At the Urban Renewal Agency budget session convened during the April 20 meeting, staff outlined the agency’s constrained finances around the Confluence (Sandy River waterfront) site and described ongoing but uncertain negotiations with prospective developers.
Staff said the city and the agency have invested close to $8–11 million to prepare the Confluence site, including cleanup and the Sharon Nesbet Heritage Park. That investment has left the agency with limited cash: the riverfront development fund showed a modest cash balance…
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