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City of Tigard Economic Opportunities Analysis

City of Tigard Economic Opportunities Analysis. May 10, 2011. City Council Public Hearing. Economic Opportunities Analysis. Required by OAR 660, Division 9 Tigard Periodic Review Requirement Technical Study Compares projected 20-year industrial and employment land demand to existing supply

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City of Tigard Economic Opportunities Analysis

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  1. City of Tigard Economic Opportunities Analysis May 10, 2011 City Council Public Hearing

  2. Economic Opportunities Analysis Required by OAR 660, Division 9 Tigard Periodic Review Requirement Technical Study • Compares projected 20-year industrial and employment land demand to existing supply • Ensure adequate supply of land for industrial and employment uses

  3. EOA Process

  4. Task 1: CEDOs Encourage family-wage jobs Develop existing industry clusters Promote efficient development of employment lands Ensure flexible and adaptive regulatory practices Focus growth in designated centers and corridors Limit retail and service uses in industrial areas; support neighborhood commercial areas Encourage businesses that are environmentally and economically sustainable

  5. Task 2: Trends Analysis Forecast job growth by sector What type of growth is probable for Metro region? What type of growth do we want in Tigard? • Family-wage employment • Targeted clusters

  6. Task 3: Site Suitability Analysis (Demand) Project land needs based on forecast job growth • Analyzed three “land need” scenarios Floor space needed to accommodate growth • General job sector by building type • Redevelopment/vacant building assumptions Vacant land needs

  7. Task 4: Inventory of Suitable Sites (Supply) Buildable lands analysis • Supply of vacant industrial, commercial, and mixed-use zoned properties Redevelopment potential • Based on improvement to land ration • High, moderate, and low potential Check capacity to accommodate cluster needs

  8. Task 4: Inventory of Suitable Sites (Supply)

  9. Task 5: Assessment of Potential Reconciliation of demand vs. supply • Analyzed three “land need” scenarios “Land efficient” scenario is appropriate Requires no rezoning of vacant properties Consistent with current conditions and identified redevelopment “vision”

  10. Task 5: Assessment of Potential City has limited supply of vacant industrial & employment lands City is limited in ability to expand boundaries Good supply of “high redevelopment potential” Redevelopment “vision” • Downtown, Triangle, Pacific Hwy Corridor, WSRC Future opportunity with HCT

  11. Task 6: Implementation Recommendations Review existing Comp Plan language Two types of recommendation: • Implement the EOA (policies) • CEDOs • State requirements • Commission suggestions • Address future economic development activities (recommended action measures)

  12. ODOT/Metro Comment Letters ODOT comment letter to Planning Commission • Disagrees with approach • Commission suggested verification from Metro Metro comment letter • Supports assumptions in EOA • Clarified thoughts on Tigard Town Center boundary No direct impact on adoption of EOA

  13. Questions?

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