Hood River URA About To Acquire Nichols Land For Park

The Hood River City Council has given City Manager Steve Wheeler the go-ahead to sign an agreement which will see the Urban Renewal Agency purchase three acres from Naito Development in the Nichols Basin in front of the hotel Naito is constructing for use as a passive park.  Urban Renewal is paying $395,000 for the land, but won’t pay anything until the hotel starts producing property tax increment revenues, and some of that will be used to pay for the property.  Wheeler says it will be a passive park.  Dedicating the three acres for the passive park was a key to Naito receiving City approval to build the hotel.  Once the park is paid for by Urban Renewal, the City will take over ownership of the land.

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