Airport Way

Urban Renewal Area Fast Facts

Created:	May 1986
Total Acres:	2,726
Expires:	May 2011
Boundaries:	View the Airport Way URA boundaries.

Now Leasing by CBRE LogistiCourt at Portal Way DP Partners LogistiCourt comes to Portland Cascade Station Development Cascade Station Fact Sheet

Objective

• To facilitate development in the district that generates significant new employment opportunities for new and existing businesses
• To support development of public infrastructure, transit, and to protect the district’s natural resources
• To encourage employers to provide quality job opportunities to residents of economically disadvantaged communities
• To utilize the land near Portland International Airport for a major mixed-use development, consisting of retail, office and hotels, capitalizing on the Max Light Rail line.

Overview

The Airport Way Urban Renewal Plan was adopted in May, 1986, with a plan termination date of May 15, 2011. The goals and objectives of the Plan have guided the Commission’s redevelopment and public investment activities since then. The district’s boundary has remained unchanged since its inception, spanning from NE 82nd Avenue, adjacent to the Portland International Airport, to the Portland city limits at NE 185th Avenue and Marine Drive. At 2,726 acres, the Airport Way URA is the City’s second largest urban renewal district.

The Airport Way Urban Renewal Area (URA) is unique in its absence of a substantial housing element and its proximity to major transportation infrastructure. As such, the URA’s primary goal has been to facilitate development to create a major eastside employment center. In 1989, the Commission and City Council adopted the Airport Way Development Plan which supports this employment goal through a mission to attract and support private investment in order to create more than 20,000 jobs by the year 2010.

Major Accomplishments

Below are some of the most significant Airport Way projects completed to date:

Transportation Improvements

• Airport Way Widening and Extension
• Max Light Rail Extension to the Airport Terminal
• Secondary Arterial Improvements

Infrastructure Improvements

• Cascade Station
• Riverside Parkway Coporate Center (RPCC)
• Columbia Slough Trailhead and Slough Trails

Economic Development Highlights

Business Opportunities

The City of Portland and the Commission are committed to providing quality jobs and higher density employment for its residents, but there are limited opportunities for industrial businesses to expand in the Airport Way Urban Renewal Area. Much of the land has been developed into warehouses and distribution centers. As an incentive, the Commission developed the Quality Jobs Program (QJP), Economic Opportunity Fund (EOF), Direct TIF, and other assistance to assist industrial companies to build facilities with job quality and job density in mind. The Commission will continue to encourage high density, industrial development as opportunities arise throughout the district.

Development Opportunities

• Cascade Station Development is a 120 acre parcel of property located at the gateway to Portland International Airport, the southwest corner of the intersection of I-205 and Airport Way. Cascade Station is a mixed-use project that will feature major retailers, office space, hotels and other services. PDC owns development rights to 36 acres at Cascade Station, marketed through the Grubb and Ellis Company. At full build-out, Cascade Station will generate approximately 7,600 new jobs and over $2.4 million annually in taxes to the City of Portland.
• Riverside Parkway Corporate Center is a 38-acre industrial development project located in the eastern edge of the urban renewal district at NE 185th and Riverside Parkway. PDC has sold a large portion of the land to Portland Hospital Hospital Corporation and DP Partners. The balance of land still awaits sale. PDC’s goal is to site businesses here that meet our Quality Jobs Program goals.

Publications

• Original Columbia South Shore Urban Renewal Plan (Apr 1986)
• Cascade Station marketing flyer
• RPCC marketing flyer
• Old Publications

Team Leader

• Bruce Allen (Team Leader), e-mail 503-823-3357
• Kevin Johnson (Economic Development contact), e-mail 503-823-1176
• Bernie Kerosky (RPCC contact), e-mail 503-823-3459

Urban Renewal Area Maps

Airport Way URA Development Projects Map

 

 

Airport Way Urban Renewal Area (URA) map

This map is provided for illustrative purposes only. For detailed information about specific property, please contact: Multnomah County Assessment and Taxation Records Management 503-988-3375

Airport Way URA Aerial Map

Cascade Station Aerial Map

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