South Waterfront Urban Renewal Area

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The South Waterfront Urban Renewal Area (URA) was established in September 2007 and is approximately 370 acres.

Salem, like many other communities on a river making the transition from an industrial to a service economy, recognizes the potential to reinvent its riverfront as a regional amenity. South Waterfront URA funds will be used to invest in the development of the Willamette Riverfront to provide an opportunity for a variety of commercial, residential, public, and other uses compatible with the location, and facilitate safe pedestrian and bicycle movement along the river.

The South Waterfront URA goals include:

  • Improved transportation infrastructure
  • Pedestrian systems
  • Extension of riverfront access
  • Daylighting of Pringle Creek
  • Connections to the pedestrian/bicycle system on Minto Island

Since 2007, 100+ residential units and ground floor commercial space have been completed within the URA. Over the next 24 months, new construction of a 38,000 square foot post-acute rehabilitation center will be completed.

​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: $23,799,930
Current assessed value: $38,252,421
Return on investment: $13,299,924
Total bonding capacity: $24,000,000

Information

South Waterfront URA Overview318 KB
South Waterfront Urban Renewal Plan2365 KB

Contact us

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