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Press Release ~ Coos Bay Considers Amending Empire Urban Renewal Tax Scheme

7/29/2018

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PictureBill Roberts worked for the Cleveland Press and in this 1965 editorial illustration he depicts the backlash against Urban Renewal.
Town Hall Meeting Considers Amending
Empire Urban Renewal Plan


The Coos Bay Urban Renewal Agency (Agency) will be hosting a Town Hall Meeting next Tuesday, July 31 at 5:30 p.m. to discuss amending the Empire Urban Renewal Plan (Plan). The City of Coos Bay adopted the Empire URA Plan in 1988. This Plan allows for the expenditure of funds within the Empire Urban Renewal Area (Area). The City (also the Urban Renewal Agency) has completed numerous projects in the Area. These projects include assistance in the renovation of the Dolphin Theater, the Newmark Widening Project, South Empire Improvements, Hollering Place Wayside, Boat Building Center Improvements, Storefront Improvements (Empire Mercantile, Subway, and several others) a bathroom complex at the Empire Boat Ramp and other projects. 
 
The Agency and City Council have been evaluating the Empire Urban Renewal Plan (Plan) over the last year. In 2018, they adopted a minor amendment to update the projects in the Plan. The projects identified for the future are the Hollering Place Development, a Façade Program, street improvements, library assistance, and signage. As part of the minor amendment process, the financial projections were updated, and the City determined they would like to proceed with a substantial amendment to the Plan to increase the maximum indebtedness of the Empire URA District. This increase would allow financial capacity to undertake a number of capital street projects within the Empire URA District. 
 
The Town Hall meeting will be held at the Dolphin Theatre, located at  580 Newmark Avenue. ​

Related Posts:
Registered Sex Offender Who Received UR Money Threatens Legal Action
Coos Bay Gave Urban Renewal Money to a Registered Sex Offender
Coos Bay Pays Around $406,000 to Repair Mingus Park Pool
Coos Bay Considers Eliminating Voter Approval for the Sale of Revenue Bonds
Coos County Public Hearing on Extending the Urban Renewal Tax Debt Dec. 13, 2017
The Excesses of Tax-Increment Financing & Urban Renewal
Coos Bay URA Spends $300,000 on North-South Gateway While Streets Deteriorate
Coos Bay Street Action Plan Open House Thursday, June 8, 2017, 5:30pm
Coos Bay Legally Steals from Average Citizens to Decorate a Private Business
Coos Bay Taking from the Poor to Give to the Privileged Using Urban Renewal
Coos Bay Gives $97,000 of Public Money to the Local Drama Club
Coos Bay Redistributing Money to Owners of Historical Places
Coos Bay Giving Away Public Money to a Private Business Using Urban Renewal

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