Will Dowdy: The promise of urban renewal—the genius of urban renewal the way we use it— is that it creates an internal feedback loop, so that the investments that you make in every urban renewal project in some way contribute to the creation of more tax increment, which then becomes an opportunity for further investment, which becomes an opportunity for further feedback.
Presenter: Five years in, a proposed housing development at 1059 Willamette needs more time and more money. At the City Council Jan. 21, Councilor Alan Zelenka:
Councilor Alan Zelenka: So we’ve been working on this for over five years and it still hasn’t come to fruition. And the developer’s been working on it since what, October, 2021. So we’re four years into that, and we’re still not at the point where it’s a doable project.
Presenter: Councilor Mike Clark:…