Site / Project Name |
Willamette Falls Legacy Project |
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Brownfield Site Address |
419/427 Main Street, Oregon City, Oregon 97045 |
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Site Owner |
Falls Legacy, LLC - Private Owner |
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Clear Title |
Yes |
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Owner Contaminator |
No |
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Former Use |
Paper mill, flour mill and various commercial and industrial uses |
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Land Use |
The zoning of the site was changed in 2014 from industrial to mixed-use. |
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Infrastructure |
Main Street runs through the middle of the site - it was vacated over time. An old streetcar track is embedded in Main Street. In order to become a public right of way, Main Street needs a complete rebuild.The north side of the site is located adjacent to 99E, a state highway. A railroad running N/S is located directly east of the site. There is also a dock located on the Willamette River that fisherman and boaters utilize year-round. |
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Assessment Level |
Phase 2 |
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Contaminants |
Asbestos, lead paint, oil tanks |
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Cleanup Program |
No |
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Remediation |
No |
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Developer |
Yes
Falls Legacy, LLC is the property owner and master developer |
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Future Use |
Mixed Use |
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Financing Tools: Federal Programs |
EPA assessment and cleanup grant |
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Financing Tools: State Programs |
Business Oregon grant program |
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Financing Tools: Funds Committed |
Yes |
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Challenges |
Financing; Attracting Developer; Adopting a Redevelopment Plan for the site; Assessment and Cleanup of property |
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Technical Assistance |
Tax Increment Financing; Historic Tax Credits; New Markets Tax Credits; Bonds
Local Improvement District, SDC Financing |
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