city of tigard economic opportunities analysis city council briefing march 22 , 2011

Download City of Tigard Economic  Opportunities Analysis City Council Briefing March 22 ,  2011

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City of Tigard Economic Opportunities Analysis City Council Briefing March 22 , 2011. Recap purpose of EOA Review 6 completed tasks Task 1 - CEDOs Task 2 – Trends Analysis Task 3 – Site Suitability Analysis Task 4 – Inventory of Suitable Sites Task 5 – Assessment of Potential - PowerPoint PPT Presentation

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City of TigardEconomic Opportunities Analysis

City Council BriefingMarch 22, 20111Goals of the MeetingTigard EOA Briefing to City Council March 22, 2011Recap purpose of EOAReview 6 completed tasksTask 1 - CEDOsTask 2 Trends AnalysisTask 3 Site Suitability AnalysisTask 4 Inventory of Suitable SitesTask 5 Assessment of PotentialTask 6 Implementation Recommendations Next Steps

Economic Opportunities AnalysisTigard EOA Briefing to City Council March 22, 2011Required by OAR 660, Division 9Tigard Periodic Review RequirementTechnical StudyCompares projected 20-year industrial and employment land demand to existing supplyEnsure adequate supply of land for industrial and employment uses

EOA ProcessTigard EOA Briefing to City Council March 22, 2011

Task 1: CEDOsTigard EOA Briefing to City Council March 22, 2011Encourage family-wage jobsDevelop existing industry clustersPromote efficient development of employment landsEnsure flexible and adaptive regulatory practicesFocus growth in designated centers and corridorsLimit retail and service uses in industrial areas; support neighborhood commercial areasEncourage businesses that are environmentally and economically sustainable

Task 2: Trends AnalysisTigard EOA Briefing to City Council March 22, 2011Forecast job growth by sectorWhat type of growth is probable for Metro region?What type of growth do we want in Tigard?Family-wage employmentTargeted clusters

Task 3: Site Suitability Analysis (Demand)Tigard EOA Briefing to City Council March 22, 2011Project land needs based on forecast job growthAnalyzed three land need scenariosFloor space needed to accommodate growthGeneral job sector by building typeRedevelopment/vacant building assumptionsVacant land needs

Task 4: Inventory of Suitable Sites (Supply)Tigard EOA Briefing to City Council March 22, 2011Buildable lands analysisSupply of vacant industrial, commercial, and mixed-use zoned propertiesRedevelopment potentialBased on improvement to land ratioHigh, moderate, and low potentialCheck capacity to accommodate cluster needs

Task 4: Inventory of Suitable Sites (Supply)Tigard EOA Briefing to City Council March 22, 2011

Task 5: Assessment of PotentialTigard EOA Briefing to City Council March 22, 2011Reconciliation of demand vs. supplyAnalyzed three land need scenariosLand efficient scenario is appropriateRequires no rezoning of vacant propertyConsistent with current conditions and identified City vision

Task 5: Assessment of PotentialTigard EOA Briefing to City Council March 22, 2011City has a limited supply of vacant industrial & employment landsCity is limited in ability to expand boundariesGood supply of high redevelopment potentialRedevelopment VisionDowntown, Triangle, 99W Corridor, WSRCFuture opportunity with HCT

Task 6: Implementation RecommendationsTigard EOA Briefing to City Council March 22, 2011 Review existing Comp Plan language Two types of recommendation: Implement the EOA (policies)CEDOsState requirementsCommission suggestions Address future economic development activities (recommended action measures)

EOA Next StepsTigard EOA Briefing to City Council March 22, 2011 April 4th Planning Commission Public Hearing

May 10th City Council Public Hearing

May 31st Grant Contract Ends

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