Pendleton RDC approves declaratory resolution to create 'Heritage Hub' allocation area, paving way for developer‑backed bond
The Pendleton Redevelopment Commission on May 28 adopted Declaratory Resolution 26‑01 to begin a multi‑step approval for the Heritage Hub economic development area. Staff said the project includes a 97‑room Fairfield by Marriott, a 70/30 TIFF split on hotel parcels, a minimum taxpayer guarantee to secure about $162,936 annually for the town and a $367,000 trail contribution by the developer.
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The Town of Pendleton Redevelopment Commission voted May 28 to approve Declaratory Resolution 26‑01, starting a seven‑step process to establish the Heritage Hub economic development allocation area and move toward a developer‑backed bond to finance a mixed‑use project.
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