Port of HR Gets Economic Analysis On Lot 1

The Port of Hood River Commission received an economic analysis on Waterfront Lot 1 development from the consulting firm EcoNorthwest that didn’t contain much in the way of surprises.  It indicated to make development on the property feasible, there will need to be public money invested in infrastructure.  Port Executive Director Michael McElwee says with rent costs at the Waterfront already similar to those found in the Portland area, the report shows the challenge to develop on Lot 1.  The Port will be talking with Hood River’s Urban Renewal board about a proposal to develop more specific plans and cost estimates for the infrastructure.  Earlier this week, the Hood River City Planning Commission approved the preliminary subdivision for Lot 1 with a number of requirements related to infrastructure.

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