City of Gresham Adopts $381M Urban Renewal Plan
The Gresham City Council adopted a $381 million Urban Renewal Plan, focusing on downtown development, including parks, transportation, and housing, ensuring future growth and business opportunities.
Gresham, OR. — Official Release: At the Tuesday, September 2 Gresham City Council Meeting, Mayor Travis Stovall and City Council voted 5-0 to adopt the Gresham Downtown/Civic Urban Renewal Plan, committing approximately $381 million in public investments over the next 30 years.
The plan authorizes the use of tax increment financing to invest in capital projects in a roughly 900-acre area encompassing the historic downtown and Civic neighborhoods. Projects include investments in parks, transportation safety, utilities, small business support, and multifamily housing.
“I couldn’t be more excited about the positive momentum we have right now,” said Gresham Mayor Travis Stovall. “This plan outlines a commitment to growth and prosperity; serving as a great reminder that Gresham is primed for greatness and open for business.”
The plan adoption comes at an exciting time for Gresham, the fourth largest city in the state, with recent investment from popular companies such as Trader Joe’s.
Learn more about the Gresham Downtown/Civic Urban Renewal Plan at www.greshamoregon.gov/urban-renewal/downtown-civic.
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