The Rockwood-West Gresham Renewal Plan would fund projects and planning in the district over the next 20 years. Funding for the plan will be generated through tax increment financing, meaning taxes on new growth in the overlaying Urban Renewal District would be diverted specifically for urban renewal projects and programs within that district.
Fundable projects could include a storefront improvements program, new streets and sidewalks, grants and loans for residential and commercial rehabilitation and other development that would attract new employers to the area.
Project information, including a downloadable version of the plan and appendix, is available online at www.ci.gresham.or.us/rockwood/.
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