HomeMy WebLinkAboutBethel Urban Renewal Presentation 4-15-19Highway 99/Bethel
Urban Renewal District
Community Development Division -April 2019
Issues and Questions to Address
The creation of a new TIF district to
enhance economic and community
development
To address urban ‘blight’
Act as a catalyst for job creation
Further the develop and revitalization of
infrastructure
2
Organization
Bethel neighborhood demographics
Planning Documents: Bethel-specific
and Citywide
Overview of Urban Renewal
What a Bethel UR District could look
like
3
Active Bethel Citizens Neighborhood
Active Bethel Citizens Neighborhood
Zoning
Age of Residents
7
0%5%10%15%20%25%30%
Less than 19
20 to 24 years
25-34
35-44
45-54
55-64
65-74
75+
BETHEL EUGENE OREGON
Source: American Community Survey, 2016 Estimates
Housing Tenure
8
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
BETHEL EUGENE OREGON
Owner Occupied Renter Occupied
Source: American Community Survey, 2016 Estimates
Latino Population
9
0%
5%
10%
15%
20%
BETHEL EUGENE
Source: American Community Survey, 2016 Estimates
Household Income
10
0%
5%
10%
15%
20%
25%
30%
35%
Less than $24,999 $25-$49,999 $50-$74,999 $75-$99,999 $100-$149,999 $150,000+
BETHEL EUGENE OREGON
Source: American Community Survey, 2017 Estimates
Education Levels (25 years and older)
11
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
BETHEL EUGENE OREGON
Less than High School
High School Graduate
(includes equivalency)
Some college, 2-year
degree
Bachelor's degree
Graduate degree
Source: American Community Survey, 2017 Estimates
Home Values
12
Eugene
Bethel
Bethel-Specific Planning
Danebo Neighborhood Development
Program--1970
Bethel Refinement Plan –1975 and
1982
Bethel Refinement Plan Phase 2—1977
and 1979
Build a Better Bethel—2015
Clear Lake Development Strategy—in
process
13
14
Bethel-Specific Planning
Danebo Neighborhood Development
Program--1970
Bethel Refinement Plan –1975 and
1982
Bethel Refinement Plan Phase 2—1977
and 1979
Build a Better Bethel—2015
Clear Lake Development Strategy—in
process
15
City -wide Planning
Pedestrian Bicycle Master Plan—2012
Metro Plan—2015
Envision Eugene—2017
Transportation System Plan—2017
Eugene Parks and Recreation System
Plan—2018
Moving Ahead—in process
16
Current and Future Projects
Urban Renewal in Oregon
Enabled by state legislation (ORS 457)
Urban Renewal District has a Plan that
documents planned improvements
Improvements are intended to stimulate
private investment and attract new
businesses, jobs, and residents
Improvements are financed with Tax
Increment Financing (TIF)
18
Tax Increment Financing
Frozen Base to City, County,
Schools
Incremental
Value for Urban
Renewal
Tax
Revenue to
City,
County,
Schools
District
Terminates
District
Created
$
P
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p
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r
t
y
T
a
x
R
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v
e
n
u
e
Years
Why TIF?
Useful tool to focus public funds on
specific investments in a particular
area to catalyze private investment.
20
What can TIF fund?
Repair and rehabilitation of buildings and
improvements
Acquisition, sale, and lease of real property
Clearance or rehabilitation of property
acquired by the URA
Construction or reconstruction of streets,
utilities, and site improvements
21
Rehabilitation of Buildings
Rehabilitation of Buildings
Acquisition and Sale of Real Property
24
Acquisition and Sale of Real Property
25
Construction of Infrastructure
26
Steps to Create an
Urban Renewal District
Define the geographic area and long-
term goals
Identify investments that help achieve
long-term goals
Set the boundary and calculate the
frozen base
Identify maximum indebtedness
Write and adopt Urban Renewal Plan
27
28
Estimated Tax Increment Revenue
29
Year
Incremental Tax Revenue-
Annual
1 $57,000
5 $304,000
10 $657,000
15 $1,065,000
20 $1,539,000
Other Tools for Redevelopment
Neighborhood Plan
MUPTE
Opportunity Zone
Enterprise Zone
Business Loan program
Affordable Housing programs
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