Add to ORKGItem contains two files: 1) Urban Renewal Plan, 75 pp.; 2) Plan Report, 21 pp. Bookmarks supplied by UO. Include maps and figures. Adopted May 25, 2005; published April 7, 2005. Captured February 13, 2008.The purpose of the Plan is to use the tools provided by urban renewal (ORS 457) to overcome barriers to the development of the Area, which is currently vacant, and create economic opportunities that will benefit local and regional residents. These tools include tax increment financing (see Section X), which means that the property taxes resulting from growth in property value within the Area can be used to finance improvement projects and programs, and the acquisition and sale of land for development as part of a public/private develo...