CARA, Albany’s downtown urban renewal program, is once again looking for what to do next, so how about finding a way to renew the neighborhood east of Lyon Street, especially around the Thurston Canal?
The program’s last major retooling since its start in 2001 came four years ago. In 2013, after a year or navel gazing and policy meetings, the advisory board of the Central Albany Revitalization Area began making decisions on its future. Eventually, the outcome was the current $8 million reconstruction of selected core area sidewalks and streets.
Now, nothing major is on the horizon. But the Albany Revitalization Agency — the city council, actually — still has the legal ability to borrow about $30 million for additional projects. (It started with an authorized maximum debt limit of $56 million, of which $37.8 million remained at the end of June 2016. Since then it has borrowed another $8 million or so for the “streetscape” project.”)
So at the CARA meeting on Sept. 20, the board was encouraged to start thinking about the next big project. Mayor Sharon Konopa urged members to start reviewing the list adopted when the urban renewal district was created. And Ed Hodney, in charge of CARA staff work, said he’d suggest a framework by the next meeting on Oct. 18.
The CARA list contains 51 separate projects, acivities or ideas. Among them is the “Thurston Canal Esplanade,” though a year or two ago the board tried to ditch the term “esplanade” as being too, well, precious.
That canal carries water from the Eighth Avenue Canal north toward the Willamette. Some time in the 1970s, if memory serves, the canal was buried in a pipe, with only a token ditch left on the surface. It looks like this:
The project list envisions this: “Develop a pedestrian/bike way along Thurston Canal with increased water flow, reopening (the) canal, riparian filtration, pocket parks and pedestrian amenities.” Sounds inviting, doesn’t it? Especially in comparison to what’s there now.
The main idea behind CARA is that public improvements will lead to upgrades of nearby private property as well. This would lead to a more stable and prosperous community, not to mention more tax revenue, eventually, for all the local governments.
Walking around the streets along and around the Thurston Canal, you can see that some private owners already are doing what they can, restoring their near-century-old houses. Chances are they would welcome an aggressive program that would seek to renovate their neighborhood by fixing the streets, sidewalks and yes, the historic canal. (hh)
I can’t wait to see the due diligence (ROI calculation) on this project showing the expected tax increment. But, as is the way of CARA (and you), a simple declaration will probably suffice. Spending other people’s money is so easy and such fun.
And who has jurisdiction over this artificial waterway? The State? Good luck with that.
Finally, I assume “ditch the term esplanade” was an intentional play on words. It got a smile out of me, and I rarely smile when it comes to CARA.
It is only “other people’s” money when one doesn’t live in the community. For me, it is OUR money. I like the idea of improving things. MAGA, right!?!?
Make ALBANY Great Again!!!
I like the idea of restoring the canal. But at the top of the list should be restoring the historic Queen Anne church at the corner of Main and 4th.
You know that CARA uses TIF, right?
Tax Increment Financing (TIF) siphons tax revenues from the taxing districts. To determine if TIF is an appropriate use of public money, CARA must consider whether the financial benefits of the project (its tax increment) outweigh the negative impacts of siphoning money away from essential services. There are several methods that can be done to show whether a project will be financially positive or negative.
What specific financial analysis was done on the church project and what was the result?
The contemplated church move and restoration has not yet been approved and has received no CARA support. It may never get CARA support if four council members oppose spending tax money on the project, which is a likely prospect. As for financing, there’s no money being siphoned from “essential services.” This is obvious because essential services are being provided with no apparent gaps or holes. (hh)
Are you saying the money CARA siphons from the city’s general fund isn’t for “essential services”? Wow, that’s headline material.
I remember back in November 2014 the city’s Budget Committee was scrounging for money to increase the general fund. The City Manager (Wes Hare) told the committee that one potential source was to under levy CARA. In that tax year alone CARA siphoned $745K from the general fund. Money that would have gone to police, fire, library, parks, etc….all non-essential, evidently.
Mary Edmonds sent this comment via email: Thanks for the great piece about the canal! I live on 4th and Jackson (Skipton house) and would love to see the city turn their attention to our side of town. A handful of us in the Hackleman (District) are trying to keep things looking decent over here, but it’s an uphill battle!