The McGilchrist Urban Renewal Area (URA) provides funding to enhance McGilchrist Street SE in order to improve mobility and stimulate private development.
The McGilchrist URA was established in September 2006 and encompasses approximately 403 acres west of the Salem Municipal Airport (McNary Field).
Assessed values and key projects were determined when the urban renewal district was first established. Project plans are subject to change at the direction of the
Urban Renewal Agency.
Assessed value at creation: $103,001,366
Current assessed value: $138,809,169
Return on investment: $35,179,419
Total bonding capacity: $11,000,000
Projects: McGilchrist Street Improvement
Improving the McGilchrist corridor between 12th and 25th Streets, including additional work on 22nd Street.
mobile-friendly, fullscreen map of the McGilchrist Urban Renewal Area in a new window.