SPRINGFIELD, Ore. -- The Springfield Economic Development Agency heard Glenwood Riverfront Development proposals Monday night.
The hearing was set for 7 p.m. over Zoom and was expected to feature Glenwood Development LLC and LOCALIS partners, as well as the board, which is made up of the mayor, city council members and Lane County Commissioner Joe Berney.
"The city has two voter-approved urban renewal areas, Glenwood and Downtown," said Springfield Economic Development Director Courtney Griesel. "Glenwood is within Springfield's urban growth boundary. Because of this, as the property looks to improve or redevelop, they will have to annex to the city."
Griesel said that becoming annexed to the city is to ensure that those in the Glenwood area get services like sewer, fire and life safety, and road improvements.
The Glenwood Riverfront Development project has been in discussion since 2008. Griesel said there is a possibility that the city of Springfield might fund part of the project but it is not certain yet.
"It is in our jurisdiction as a city. We would always expect city resources because it will incur taxes which will go to city to be spent," Griesel said. "We don't know specifically yet. We are just hearing for the first time the concepts so it's a little early."
KEZI spoke with Berney about what he's looking for in the proposals.
"Housing, jobs and tax revenue is what I'm going to be honing in on," Berney said. "One of the proposals looks entirely privately funded. But the other talks about public debt and public equity which almost always means taxpayer dollars."