Riverfront Downtown Urban Renewal Area

​Since its establishment in 1975, Riverfront-Downtown Urban Renewal Area (URA) funds have been used to attract and retain commercial businesses in the downtown core, preserve historic buildings, and incent new housing development within the Riverfront-Downtown Urban Renewal boundaries.

Riverfront-Downtown Urban Renewal investments play a major role in making downtown Salem livable, using urban renewal as a tool to focus public resources on key projects such as:

  • Parking garages/skybridges
  • Waterline infrastructure
  • Salem Convention Center
  • Riverfront Park improvements
  • Historic building preservation

A strategic action plan unique to the Riverfront-Downtown URA informs implementation of projects, using an integrated approach to revitalization that includes commercial, retail, mixed-use residential, streets and parks, re-development.

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.

Overview

Assessed value at creation: $43,292,931
Current assessed value: $287,477,968
Return on investment: $116,494,362
Total bonding capacity: $315,000,000
Projects: N/A

Plan documents

Riverfront Downtown Urban Renewal Plan814 KB
Riverfront Downtown Urban Renewal Area Overview423 KB

​Advisory information

​Incentives

​Additional information

Contact us

Sheri WahrgrenDowntown Revitalization Manager
Mailing address:
350 Commercial St NE
Salem OR 97301
TTY/TDD: 

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