Hood River URA Gives Go Ahead For Port Waterfront Analysis

Hood River’s Urban Renewal Agency Board, made up primarily of the City Council, gave the go-ahead to the Port of Hood River to conduct a financial analysis of expanding the length of the Waterfront Urban Renewal District but shrinking its size, but gave no guarantees it would approve an extension after the study.  Many on the panel are focused on a Westside Urban Renewal District in an effort to create affordable housing opportunities, and don’t want an extension of the Waterfront district to take away from that.  But Councilor Mark Zanmiller pointed out that doing the analysis will provide a better idea of what it would take to create an additional $1.8 million in tax increment financing to make improvements to the entry to the Waterfront.  The analysis will look at five different options that would shrink the current Waterfront Urban Renewal District down to 12 to 25 acres in size.

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