The 650 acre Mill Creek Industrial Park Urban Renewal Area (URA) was formed to support development of the Mill Creek Corporate Center in Southeast Salem. The URA provides funding for major infrastructure (roads, utilities, traffic signals) needed to attract large industrial uses and family wage jobs to the site.
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: $1,012,524
Current assessed value: $50,537,427
Return on investment: $38,697,207
Total bonding capacity: $26,000,000
Projects: Public water, sewer, roads, wetland mitigation, and other utilities.
Enterprise Zone Tax Incentive To encourage the creation of new industrial and manufacturing jobs for the community.
Mill Creek Corporate Center
Information on development-ready sites within Mill Creek URA
mobile-friendly, fullscreen map of the Mill Creek Urban Renewal Area in a new window.