The Dalles URA Maximum Indebtedness Increased

The Dalles City Council approved increasing the maximum indebtedness for the Columbia Gateway Urban Renewal Agency by $6.1 million, extending the life of the agency to 2029.  Without the increase allowed one time by state law, the urban renewal district would have expired in 2026.  The money would be used to assist project like the mixed-use Basalt Commons, reconstruction of 1st Street, redevelopment of the Tony’s Town and Country property, and use as leverage for funding of a Federal Street plaza.  City Economic Development Officer Dan Spatz emphasized there would be no impact to the taxpayer as a result of the move, with the increase coming from tax increment financing that does reduce revenues for various agencies.  The Council approved the increase unanimously in the wake of the Urban Renewal Advisory Committee recommending it by an 8-1 vote, with only the representative of the Mid-Columbia Fire and Rescue District dissenting.

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