The Tigard Chamber endorses Measure 34-305 and supports a YES vote.
Measure #34-305 City Center Urban Renewal Plan Amendment
Shall the City amend the City Center Urban Renewal Plan, including increasing the amount of maximum indebtedness?
- If the measure passes, it would increase the total amount of money that could be collected (maximum indebtedness) by $20.8 million and the length of time (duration) of the Urban Renewal Plan by nine years.
- If the measure does not pass, the total amount of money that can be collected would not be increased, and the duration of the Urban Renewal Plan would not be extended.
The Tigard Chamber of Commerce endorses/supports Measure 34-305 as we see the benefit to both our business community as well as the community at large. More investment into our city center in the form of trails, affordable housing, parking, public space, mixed use and streets all combine to increase our downtown vibrancy, attract business investment and make it a place where community gathers and businesses thrive. Business and community are interdependent and this measure benefits both sides of the equation.
We recommend a yes vote on this measure as it does not increase taxes, merely extends for period of time for the Urban Renewal Area and funds much needed infrastructure and will benefit both business and community alike!
You can learn more about this measure in this informative recorded presentation/panel we did with the City of Tigard that explains what urban renewal is, how it is funded, and what types of projects this amendment to the plan would fund.
Thank you for reading and please vote!