City leaders rally support for transformative Central East Side plan

In a recent government meeting, key stakeholders voiced their strong support for the Central East Side Corridor Plan, emphasizing its potential to drive long-term growth and innovation in the area. Caroline Holcomb, executive director of the Central East Side Industrial Council, highlighted the plan's flexibility, which accommodates both large-scale projects like the Ansi District and the Water Avenue Redevelopment Project, while also providing essential loans and grants to local business owners. Holcomb stressed the importance of collaboration with enhanced service districts to ensure that investments align with the community's vision.

The meeting also featured a developer panel, including Jill Sherman from Edlund and Co., who advocated for the establishment of new Tax Increment Financing (TIF) districts. Sherman underscored the necessity of public-private partnerships in achieving equitable development goals, particularly in affordable housing and infrastructure. She praised the swift efforts of Prosper Portland staff in advancing these initiatives.

Gus Baum, a director of development for Security Properties, echoed these sentiments, commending the progress made in revitalizing the central city. He noted the importance of TIF as a critical tool for funding various projects, including affordable housing and support for small businesses.

Overall, the discussions underscored a collective commitment to fostering a thriving and inclusive urban environment in the Central East Side, with a focus on collaboration among public, private, and nonprofit sectors.