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City of Tigard Economic Opportunities Analysis City Council Briefing March 22 , 2011

City of Tigard Economic Opportunities Analysis City Council Briefing March 22 , 2011. Recap purpose of EOA Review 6 completed tasks Task 1 - CEDOs Task 2 – Trends Analysis Task 3 – Site Suitability Analysis Task 4 – Inventory of Suitable Sites Task 5 – Assessment of Potential

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City of Tigard Economic Opportunities Analysis City Council Briefing March 22 , 2011

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  1. City of Tigard Economic Opportunities Analysis City Council Briefing March 22, 2011

  2. Recap purpose of EOA • Review 6 completed tasks • Task 1 - CEDOs • Task 2 – Trends Analysis • Task 3 – Site Suitability Analysis • Task 4 – Inventory of Suitable Sites • Task 5 – Assessment of Potential • Task 6 – Implementation Recommendations • Next Steps Goals of the Meeting Tigard EOA Briefing to City Council – March 22, 2011

  3. Required by OAR 660, Division 9 • Tigard Periodic Review Requirement • Technical Study • Compares projected 20-year industrial and employment land demand to existing supply • Ensure adequate supply of land for industrial and employment uses Economic Opportunities Analysis Tigard EOA Briefing to City Council – March 22, 2011

  4. EOA Process Tigard EOA Briefing to City Council – March 22, 2011

  5. Encourage family-wage jobs Develop existing industry clusters Promote efficient development of employment lands Ensure flexible and adaptive regulatory practices Focus growth in designated centers and corridors Limit retail and service uses in industrial areas; support neighborhood commercial areas Encourage businesses that are environmentally and economically sustainable Task 1: CEDOs Tigard EOA Briefing to City Council – March 22, 2011

  6. Forecast job growth by sector • What type of growth is probable for Metro region? • What type of growth do we want in Tigard? • Family-wage employment • Targeted clusters Task 2: Trends Analysis Tigard EOA Briefing to City Council – March 22, 2011

  7. Project land needs based on forecast job growth • Analyzed three “land need” scenarios • Floor space needed to accommodate growth • General job sector by building type • Redevelopment/vacant building assumptions • Vacant land needs Task 3: Site Suitability Analysis (Demand) Tigard EOA Briefing to City Council – March 22, 2011

  8. Buildable lands analysis • Supply of vacant industrial, commercial, and mixed-use zoned properties • Redevelopment potential • Based on improvement to land ratio • High, moderate, and low potential • Check capacity to accommodate cluster needs Task 4: Inventory of Suitable Sites (Supply) Tigard EOA Briefing to City Council – March 22, 2011

  9. Task 4: Inventory of Suitable Sites (Supply) Tigard EOA Briefing to City Council – March 22, 2011

  10. Reconciliation of demand vs. supply • Analyzed three “land need” scenarios • “Land efficient” scenario is appropriate • Requires no rezoning of vacant property • Consistent with current conditions and identified City “vision” Task 5: Assessment of Potential Tigard EOA Briefing to City Council – March 22, 2011

  11. City has a limited supply of vacant industrial & employment lands • City is limited in ability to expand boundaries • Good supply of “high redevelopment potential” • Redevelopment Vision • Downtown, Triangle, 99W Corridor, WSRC • Future opportunity with HCT Task 5: Assessment of Potential Tigard EOA Briefing to City Council – March 22, 2011

  12. Review existing Comp Plan language • Two types of recommendation: • Implement the EOA (policies) • CEDOs • State requirements • Commission suggestions • Address future economic development activities (recommended action measures) Task 6: Implementation Recommendations Tigard EOA Briefing to City Council – March 22, 2011

  13. EOA Next Steps • April 4th – Planning Commission Public Hearing • May 10th – City Council Public Hearing • May 31st – Grant Contract Ends Tigard EOA Briefing to City Council – March 22, 2011

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