Urban Renewal

Urban renewal is a financial tool that funds projects and activities in an urban renewal area which have been identified in an urban renewal plan. The purpose of urban renewal is to make public investments in designated geographic areas to remove blight, to improve property values, and to leverage private investment. Public investments spur redevelopment in areas where it might not otherwise occur.

Urban renewal uses Tax Increment Financing to improve and redevelop designated areas of a city by reinvesting the increase in the area’s property taxes. When an urban renewal area is created, the assessed property value within the district is set (or “frozen”), and those taxes continue to go to the taxing jurisdictions (such as city, county, school district). Any increase in the tax assessed value that occurs in that area (referred to as the “increment”) is collected by the urban renewal district to use for redevelopment projects identified in the urban renewal plan. Each plan includes a timeline and/or funding capacity (called “Maximum Indebtedness”), under which it must operate. When the projects in a plan are complete and funding is expended, the area closes and the taxing jurisdictions begin receiving their full share of taxes.

2018 Urban Development Annual Report

What's Happening
Sep. 09
Urban Renewal Agency6:00 p.m.10:00 p.m.Council Chambers
555 Liberty ST SE RM 240
Salem OR 97301

Regular meeting of the Urban Renewal Agency

Agenda:

​URA Agenda for September 9, 2019

Phone: 503-588-6097

This is an open, public meeting or public hearing at an accessible location. Special accommodations are available, upon request, for persons with disabilities. Services may be requested for sign language interpretation or languages other than English. To request accommodations or services, please call 503-588-6097 at least two business days prior to the meeting.

Oct. 02
West Salem Redevelopment Advisory Board Meeting7:30 a.m.9:00 a.m.Urban Development Department
350 Commercial ST NE
Salem OR 97301

Advises the Agency Board on conservation, rehabilitation, and redevelopment matters within the West Salem Urban Renewal Area.

Agenda: An agenda for this meeting is not yet available.

Phone: 503-588-6178

Learn more

This is an open, public meeting or public hearing at an accessible location. Special accommodations are available, upon request, for persons with disabilities. Services may be requested for sign language interpretation or languages other than English. To request accommodations or services, please call 503-588-6178 at least two business days prior to the meeting.

Oct. 03
North Gateway Redevelopment Advisory Board Meeting8:00 a.m.9:30 a.m.Center 50+
2615 Portland RD NE
Salem OR 97301

The NGRAB advises the Urban Renewal Agency on conservation, rehabilitation and redevelopment matters within the North Gateway Urban Renewal project area.

Agenda: An agenda for this meeting is not yet available.

Phone: 503-588-6178

This is an open, public meeting at an accessible location. Special accommodations are available, upon request, for persons with disabilities. Services may be requested for sign language interpretation or languages other than English. To request accommodations or services, please call 503-588-6178 at least two business days prior to the meeting.

Nov. 06
West Salem Redevelopment Advisory Board Meeting7:30 a.m.9:00 a.m.Urban Development Department
350 Commercial ST NE
Salem OR 97301

Advises the Agency Board on conservation, rehabilitation, and redevelopment matters within the West Salem Urban Renewal Area.

Agenda: An agenda for this meeting is not yet available.

Phone: 503-588-6178

Learn more

This is an open, public meeting or public hearing at an accessible location. Special accommodations are available, upon request, for persons with disabilities. Services may be requested for sign language interpretation or languages other than English. To request accommodations or services, please call 503-588-6178 at least two business days prior to the meeting.

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Urban Development Department
Monday–Friday
8:00 a.m.–5:00 p.m.
350 Commercial ST NE
Salem OR 97301
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