GRESHAM, Ore. — The Gresham City Council unanimously approved a $381 million urban renewal plan Tuesday that will fund public investments across downtown and Civic neighborhoods over the next three decades.
The council voted 5-0 to adopt the Gresham Downtown/Civic Urban Renewal Plan during its Sept. 2 meeting, with Mayor Travis Stovall casting the deciding vote.
The plan authorizes tax increment financing for capital projects spanning roughly 900 acres in the historic downtown and Civic neighborhoods. Planned investments include parks, transportation safety improvements, utilities, small business support and multifamily housing developments.
Stovall said he was excited about the positive momentum and described the plan as a commitment to growth and prosperity that shows Gresham is open