will promote This project will benefit Broadway Corridor 24 acres - PowerPoint PPT Presentation

Jun 05, 2023 •177 likes •233 views

This project will promote This project will benefit Broadway Corridor 24 acres 4 million square feet Union 4,000 jobs Station (Prosper 2,400 new Portland) households Block Y USPS (30% affordable (Prosper (Prosper

This project will promote… This project will benefit…
Broadway Corridor • 24 acres • 4 million square feet Union • 4,000 jobs Station (Prosper • 2,400 new Portland) households Block Y USPS (30% affordable (Prosper (Prosper units) Portland) Portland) • $1+ billion Block U investment Greyhound • Phase 1 PNCA Block R construction (Prosper (Prosper Park 2020 Portland) Portland) 2
Inequitable Economic Growth ½ Communities of color earn $16,636/yr. White people earn $33,095/yr. 10X Wealth disparity between communities of color are at least ten times those of whites White people 30% 7% Did not graduate from H.S. Communities of color
A Different Type of Development Project PAST PROJECTS BROADWAY CORRIDOR • Predevelopment, permitting, & construction processes What’s similar? • Real estate and financial markets heavily influence development outcomes • Outreach; engagement; and advisory committees to gather input on projects • • Publicly held, large scale Public-private partnerships development parcel on privately held land • • Potential for development to Development related public generate revenue citywide investments occur locally • • Broader engagement early on to Engagement after project What’s different? help define the process process and goals have been defined • • Community benefits agreement Agency’s standard policy in addition to policy requirements requirements • • Input with a focus on community Stakeholder input with a based organizations and ensuring focus on nearby businesses 4 organizations are financially & residents supported to participate
Long-Term Enforceable Benefits Accountable Connected Equitable Prosperous Resilient Vibrant

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