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1 <br />Development Example Summaries <br />1.Eugene, Oregon <br />Population: 140,000 <br />Project: Broadway Place (West Broadway between Lincoln and Charnelton streets) <br />Total Project Cost: $26 Million <br />Public Investment: $12 Million (garage construction and contribution of land) (46% of total project) <br />Private Investment: $14 Million (54% of total project) <br />Overall Result: 14,000 sq. ft. retail, 170 residential units, 729 space garage <br />2.Portland, Oregon <br />Population: 560,000 (~ 2 million in the metro area) <br />Project A: RiverPlace (area bordered by River Parkway, Harbor Drive and Waterfront Park) <br />Total Project Cost: $84.3 Million ($8 M land, $33.8 M commercial, $42.5 M residential) <br />Public Investment: $23.5 Million (28% of total project) <br />Private Investment: $60.8 Million (72% of total project) <br />Overall Result: 480 residential units, 6,000 sq. ft. retail, 42,000 sq. ft. office (1995) <br />562,690 <br />Project B: Pioneer Place Phase I (Pioneer Place, Pioneer Tower and Garage), Yamhill and SW 4th <br />Total Project Cost: $147 Million <br />Public Investment: $32 Million (22% of total project) <br />Private Investment: $115 Million (78% of total project) <br />Overall Result: 316,884 sq. ft. office (16 stories), 215,196 sq. ft. retail, 830 space garage (1990) <br />Project C: Brewery Blocks (Pearl District) <br />Total Project Cost: $300 Million <br />Initial Public Investment: $8 Million ($6 M loan for construction of parking structure and $2 M grant for <br />infrastructure improvements) (3% of total project - not including related investments, such as streetcar) <br />Private Investment: $292 Million (97% of total project) <br />Overall Result: Rehabilitation of two historic structures, 500,000 sq. ft. office, 300,000 sq. ft. retail, 368 <br />residential units (2005) <br />3.Silver Spring, Maryland <br />Population: 36,000 (Washington DC suburb) <br />Project: Town Center (target area of four blocks) <br />Total Project Cost: $367 Million <br />Public Investment: $187 Million (land assembly, land ownership, infrastructure improvements, and parking <br />garage) (51% of total project) <br />Initial Private Investment: $180 Million (49% of total project); estimated total private investment by 2010: <br />$1.37 Billion (projected private to public ratio of 7:1) <br />Overall Result: Initial job creation of 1,554, retail stores, theatre/cultural center renovation, renovation of <br />over 1 Million building sq. ft., creation of 2,700 housing units since 1998. <br />4.Lakewood, Colorado <br />Population: 146,000 (Denver suburb) <br />Project: Belmar Development (redevelopment of indoor mall into city center) <br />Total Project Cost: $243 Million <br /> <br />1 <br />Sources:Community Planning Workshop, University of Oregon; Portland Development Commission; Livable Places Profiles, <br />Southern California Association of Governments; Economic Development and Smart Growth Case Studies, International <br />Economic Development Council <br />Page 12 of 13 <br />