South Waterfront Central District Portland, Oregon Portland State University and Downtown OHSU Campus • Close in riverfront location • “Brownfield” area • Heavy industrial history/ vacant lands • Need for infrastructure – such as utilities, road network, etc. South Waterfront • Transportation/ connectivity challenges • Large parcels Opportunity 1966 1970 1939 History North Macadam Urban Renewal Area • Create 1999 • 409 acres • Maximum Indebtedness: $289M Public Investment Central District Development Agreement • 31 acres • Partners – Oregon Health & Science University – North Macadam Investors (developer) – Portland Development Commission • Players – City/Public agencies – Development partners – Stakeholders Partnership Structure Central District Development Agreement • Live / Work / Play – 20 minute lifestyle – Transit: tram, streetcar – 2,600 residential units – 5,000 new jobs – 1.5m sf OHSU research/ clinical/ education – 2- acre neighborhood park Goals Central District Development Agreement Sustainability - Garden district - Greenway/river restoration - Stormwater management - Green Building - Requirement: 75% of buildings achieve LEED Silver - Achieved: 1 LEED Platinum, 4 LEED Gold, 2 pending (LEED Silver and Gold) - Social Equity - $36 million awarded to MWESB Goals Central District Development Agreement Financing Where We Are Today • Complete • Street and utility infrastructure • Portland Streetcar extension • Portland Tram • OHSU Center for Health & Healing (400,000 square feet; 1,000 jobs) • 1,950 housing units (Meriwether, John Ross, Atwater Place, The Ardea, Riva on the Park, Mirabella, Matisse) • Caruthers “Neighborhood” Park • Next 2-5 years • 200 affordable & veteran housing units • Central District greenway • Gibbs Street pedestrian bridge Accomplishments Portland-Milwaukie Light Rail ZRZ Property (30 acres) Central District (31 acres) OHSU Schnitzer Campus (20 acres) Future Potential.