An Eastbank Initiative An Eastbank Initiative

City Vision Portland City Council 2001

The Eastbank Initiative City Vision

Portland City Council 2001 The Eastbank Initiative City Vision

Portland City Council 2001 The Eastbank Initiative City Vision “A connection between neighborhoods and the river.”

Portland City Council 2001 The Eastbank Initiative City Vision “A reconfigured I-5 freeway to bring together both sides of the Central City and to revitalize the Eastside waterfront.”

This is not a new vision

How can we realize this dream?

Riverfront for People Goals 1. Bring people to the river. 2. More and better transit 3. Revitalize the East Bank 4. Two Golden Eggs 5. Livability

Riverfront for People Goals 1. Bring people to the river. 2. More and better transit 3. Revitalize the East Bank 4. Two Golden Eggs 5. Livability

Reconfigure the Freeway

Existing Freeway System

Option AOption BOption C Reconfigure Freeway

Option A

Option B

7th Ave. Tunnel

Option C

Option AOption BOption C Reconfigure Freeway Your Option ?

Options for McLoughlin

Paul Allen Plan for Rose Quarter McLoughlin

Howell Plan for McLoughlin Viaduct

McLoughlin/New Bridge Connection

New Bridge cleans up ramps on West Side of Willamette

Move Railroad Right of Way

Plan to move Rail line (Freight and High Speed) to Grand Ave. Plan

Grand Ave. Tunnel

Underground Tracks in all versions

Paul Allen Plan for Rose Quarter

Rail Station Without Coliseum (One of many options for location of rail station)

Coliseum becomes Rail Station

Underground Rail Platforms

Riverfront for People Goals 1. Bring people to the river. 2. More and better transit 3. Revitalize the East Bank 4. Two Golden Eggs 5. Livability

Related Transit Improve- ment Concepts

Expand Ped/Bike Network

Bicycle and Pedestrian

Riverfront for People Goals 1. Bring people to the river 2. More and better transit 3. Revitalize the East Bank 4. Two Golden Eggs 5. Livability

Overall Urban Design Concept

Integrate Existing Preserve Historic Architecture

Integrate Existing Urban Fabric

Option 1Option 2Option 3

Esplanade Integrated into Waterfront Design

6,000 to 10,000 Housing Units! A new urban neighborhood where the freeway is today. 6,000 to 10,000 Housing Units! A new urban neighborhood where the freeway is today.

The Freeway Land, now owned by the State, can require workforce housing.

Option 1: Intense Development

Option 2: Riverfront Restoration

1852

Eastbank South 1890

Option 3: Balanced District

Marquam Bridge Fragment

Option 1Option 2Option 3Your Option ? Revitalized East Side 1234

What are the Benefits?

The Financial and Economic Benefits of Option 3

Eliminating freeway and Marquam Bridge adds 43 acres of land on the Riverfront.

18 Acres to develop

$200 Million Total Assessed Value (18 Acres at Option 2 Densities) Land Improve- ments

Riverfront for People Goals 1. Bring people to the river 2. More and better transit 3. Revitalize the East Bank 4. Two Golden Eggs 5. Livability

West Side East Side

Value of 198 acres of land on the river ($Million) Eastside $94 Westside $525

EastsideWestside Private Sector Jobs in Firms 2,364 >10,000

High Paying Jobs EastsideWestside 400 3,541

At least $1.5 Billion, beyond the current $358 million, to the total assessed value (Land and Buildings) of the District. Option 3 adds:

1,500 jobs (1,100 of which are high-paying) More than $1 Billion in business activity. Option 3 adds:

Industrial Sanctuary? No significant takings Better access North & South Owners decide when/if to sell Leave sanctuary 7th to 12th No significant takings Better access North & South Owners decide when/if to sell Leave sanctuary 7th to 12th

Riverfront for People Goals 1. Bring people to the river 2. More and better transit 3. Revitalize the East Bank 4. Two Golden Eggs 5. Livability

This Eastbank Concept is an economic development plan Livability builds jobs in our knowledge economy

Why do people move to Oregon? It’s not the weather. It’s not the favorable tax structure. It’s not to find jobs in a rapidly-expanding industrial base. It’s not our educational system. Yet, Oregon and Portland metro both grew by 20% in the 1990s. And unemployment hit record lows, despite the influx.

Livability means knowledge jobs In keeping with trends, companies existing in 1992 in the Portland Metro area LOST 170,000 jobs by Yet the Metro area gained 100,000 net jobs in the period, with more than 270,000 jobs being added from new, small companies started after These jobs are in the knowledge economy--the result of what’s in people’s brains.

Urban Life Attracts Dynamic People In Metro areas like Portland, both incomes and rents grew faster nearer the central city in the 1990s.

Creative People Like Urban Density They know density means theatres, libraries, coffee shops, etc.

Entrepreneurs value their time They know if they live near where they work, they spend less time commuting.

Dense urban neighborhoods can incubate knowledge communities. Ideas travel faster, too, in dense urban neighborhoods. Look at Lower Manhattan in New York, or South of Market in San Francisco, for excellent examples of knowledge company incubation. Business Services. Multi-media companies. Creative companies.

Not only a “Portland Wins” Strategy The Eastbank must be part of a larger strategy that includes other regional centers-- Gresham, Hillsboro, Beaverton, and Oregon City

The Regional Centers Strategy Build more dense, sophisticated, transit- oriented urban centers in our ‘regional centers’. Intense, high-capacity, multi-modal, multi- destinational transit in the suburbs -- buses, streetcars, and Metro light rail. Our region stays livable because density keeps the urban growth boundaries intact. Walk to libraries, theatres, coffee shops, etc.

We Propose a Marriage Marry our need for regional center infrastructure with our need for industrial land. We need both strategies. One serves the knowledge economy by providing the land for new jobs, and the other serves the knowledge economy by providing livable urban neighborhoods.

We Propose a Marriage (2) Our regional centers economic development strategy relies on keeping the urban growth boundary for livability. To have enough industrial land within the UGB, you have to keep big box retail out of industrial land, zone for more industrial land regionally, and prohibit other uses. Not a conflict with our strategy.

Transportation Funding City Suburbs

City Suburbs End the Zero Sum Game Expand pie to serve both strategies

Riverfront for People III The Eastbank Initiative What are we asking for?

A petition to the City of Portland, Multnomah County, Tri-Met, Metro and the State of Oregon. We are asking you to sign a petition: