Link To TIF Preliminary report: Cully TIF Preliminary Report – Cully Association of Neighbors (cullyneighbors.org)
Link to Prosper website: Cully TIF District Exploration – Prosper Portland
Cully TIF District Exploration
CONTACT: DANA DEKLYEN, EMAIL
Historically, tax increment finance (TIF) districts in Portland have been a vehicle to serve ambitious land use plans and create resources for investment into regional assets like light rail, the Oregon Convention Center, and the East Bank Esplanade. In recent years, Prosper Portland has used TIF in innovative ways, to support neighborhood Action Plans and implement smaller TIF districts through the creation of the Neighborhood Prosperity Network, (NPN), which have been informed by significant community engagement and outreach.
In 2018, a coalition of community-based partners in the Cully neighborhood approached Prosper Portland to explore a community-centered TIF district creation process that could lead to a new TIF model that centers historically underserved, marginalized and underrepresented community voices in the TIF district creation process. To that end, we are participating in a co-creation model that centers those most vulnerable to displacement and elevates the voices of historically underserved and marginalized communities in the engagement and planning process of the plan.
An exploration committee made up of community-based organizations and Cully residents, Prosper Portland, and the Portland Housing Bureau is co-creating a Cully Tax Increment Financing (TIF) District proposal for Prosper Portland Board of Commissioners and Portland City Council consideration.
Submit comments to firstname.lastname@example.org
Frequently Asked Questions
Prosper Portland’s use of TIF resources has been progressive. TIF has supported Action Plans in Old Town, North/Northeast, Gateway & Lents with goals like affordable commercial tenanting and investments that align with the agency’s strategic plan goals for healthy neighborhoods and widely shared prosperity.
In 2011, the creation of the Neighborhood Prosperity Initiative employed a community-city partnership to build capacity for community-specific economic development. The shift in TIF usage also redirected focus toward low-income populations and communities of color. However, these NPN districts are small and limited in duration, generating very modest tax increment finance revenue over a decade.
- The development of Gateway Discovery Park and the adjacent The Nick Fish mixed-use housing project were collaborative, multi-partner, community-driven efforts involving considerable engagement with neighborhood businesses and community members.
- The North/Northeast Action Plan Leadership Committee works in partnership with Prosper Portland to implement the Action Plan for the N/NE Community Development Initiative for economic development in the N/NE Interstate Corridor. The Initiative has focused on TIF-eligible, “bricks & mortar” development projects and prioritizes non-TIF investments that support Initiative goals, such as business technical assistance. The committee leads with a focus on engagement with communities of color; supports partnerships with community-based organizations and leaders; provides recommendations on Action Plan direction and investment priorities; identifies service providers to advise on Action Plan implementation; assesses progress; and makes recommendations to improve impact.
- Prosper Portland is planning two open houses for spring 2022. More details will be shared here as they develop. For future updates on Cully TIF work and other Prosper Portland efforts, sign up for our newsletter.
- Additionally, Prosper Portland will send out surveys to capture your thoughts.
- Comment on the Cully TIF proposal – More details to come.
- Public hearings will take place during the public approval process. Testimony may be submitted at the Planning and Sustainability Commission, Prosper Portland Board, and Portland City Council. More details will be shared here.
- You may submit comments at any time to email@example.com