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Exhibit Q_Cost-Benefit Analysis
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Table of Contents 1%·¤¢´³¨µ¤ 3´¬¬ ±¸ ..................................................................................................................................................................... 1 !! 1.1&¨²¢ « ¨¬¯ ¢³² ..................................................................................................................................................................................... ........ 1 !! 1.2Non-¥¨²¢ « ¨¬¯ ¢³² ................................................................................................................................................................................. ... 2 !! 2Framework ..................................................................................................................................................................................... 5 !! 2.1$¤²¢±¨¯³¨® ®¥ ³§¤ £¤µ¤«®¯¬¤³ .......................................................................................................................................................... 5 !! 3Costs ................................................................................................................................................................................................ .. 5 !! 4&¨²¢ « )¬¯ ¢³² ................................................................................................................................................................................ 7 !! 4.10±®¯¤±³¸ 4 ·¤² ..................................................................................................................................................................................... ...... 7 !! 4.2Revenue-Parking .................................................................................................................................................................................... . 12 !! 4.3Revenue-4± ²¨¤³ 2®®¬ 4 ·¤² ........................................................................................................................................................ 12 !! 5/³§¤± ¨¬¯ ¢³² ............................................................................................................................................................................. 12 !! 5.1/µ¤± «« $¤µ¤«®¯¬¤³ ®¥ $®¶³®¶ 2¨µ¤±¥±®³ 3¨³¤ .................................................................................................................. 13 !! 5.22¨µ¤±¥±®³ 0 ±ª .................................................................................................................................................................................... .... 17 !! 5.3"¨ª¤ 0 ³§ .......................................................................................................................................................................................... .......... 20 !! 5.41´¨¤³ :®¤ ......................................................................................................................................................................................... ......... 22 !! 5.5%§ ¢¤£ 0¤£¤²³±¨ %µ¨±®¬¤³ ................................................................................................................................................. 24 !! 5.6(¨²³®±¨¢ 0±¤²¤±µ ³¨® ®¥ 3³¤ ¬ 0« ³ .............................................................................................................................................. 25 !! 5.7!¥¥®±£ ¡«¤ (®´²¨¦ ................................................................................................................................................................................ 26 !! ! ! ! ! Cost-Benefit Analysis: Developing the Riverfront Site July 3, 2018 Page i ! 1Executive Summary uif!Djuz!pg!Fvhfof!voefstuboe! uif!mpoh.ufsn!jnqbdut!pg!sfefwfmpqjoh!uif!Epxoupxo!Sjwfsgspou!tjuf!jo!qbsuofstijq!xjui!Xjmmjbnt0Ebnf! '!Bttpdjbuft!)XEB*/!Uif!bobmztjt!bttvnft!uif!sfefwfmpqnfou!xjmm!cf!dpotjtufou!xjui!uif!XEB!dpodfqu! qmbo-!bt!qsftfoufe!up!uif!Bhfodz!Cpbse!po!Kbovbsz!42-!3129-!boe!uif!ftujnbufe!dptut!pg!qvcmjd! jogsbtusvduvsf!boe!qsjwbuf!dpotusvdujpo!cbtfe!po!uif!qspqptfe!ufsnt!qsftfoufe!up!uif!Bhfodz!Cpbse!po! Nbz!3:-!3129/!! Uif!dptut!pg!uif!efwfmpqnfou!gbmm!joup!uisff!cspbe!dbufhpsjft;! Djuz!boe!uif!Bhfodz!bttpdjbufe!xjui!uif!pwfsbmm!tjuf!sfefwfmpqnfou!jt!bcpvu!%23/3! njmmjpo/!Uiftf!jowftunfout!gvoe!uif!qvsdibtf!pg!qspqfsuz!)Tufbn!Qmbou-!spbet-!dpnnfsdjbm! qbsdfmt-!boe!qmb{b*!boe!cbtjd!jogsbtusvduvsf!)spbet!boe!vujmjujft*!up!tfswf!uif!Epxoupxo! Sjwfsgspou!ofjhicpsippe/! 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Dpnnvojuz!Dpmmfhf/!Bmuipvhi!uif!ofx!qsjwbuf!efwfmpqnfou!xjmm!bmtp!hfofsbuf!beejujpobm!qspqfsuz!ubyft! gps!Tdippm!Ejtusjdu!5K!boe!Mbof!Fevdbujpo!Tfswjdf!Ejtusjdu!)FTE*-!uif!ofu!jnqbdu!po!uiftf!tdippmt!xjmm!mjlfmz! ! Up!ftujnbuf!uby!sfwfovf!pwfs!ujnf-!uif!npefm!bttvnft!uibu!gspn!3132!up!3134-!mboe!boe!ofx!cvjmejoht! )ipufm-!upxoipnft-!boe!dpnnfsdjbm*!dpnf!poup!uif!uby!spmmt/!Uif!npefm!bmtp!jodpsqpsbuft!b!21.zfbs! Nvmuj.Voju!Qspqfsuz!Uby!Fyfnqujpo!)NVQUF*!gps!uif!uisff!nvmuj.gbnjmz!sfoubm!qspqfsujft!)uif!mboe!voefs! uiptf!cvjmejoht!xjmm!hfofsbuf!uby!sfwfovf*/!!Uif!wbmvf!pg!uif!uby!fyfnqujpo!jt!ftujnbufe!up!cf!b!upubm!pg! %5/8!njmmjpo!gps!uif!21.zfbs!qfsjpe/! Uif!npefm!ftujnbuft!uby!sfwfovf!pg!uif!Sjwfsgspou!Vscbo!Sfofxbm!Ejtusjdu!)Ejtusjdu*!uispvhi!3135-!uif! zfbs!uif!Ejtusjdu!jt!tdifevmfe!up!tvotfu/!Ju!ftujnbuft!sfwfovf!up!pwfsmbqqjoh!ubyjoh!ejtusjdut!gspn!3136!up! 315:-!b!41.zfbs!qfsjpe/!! Jo!3135-!uif!sfefwfmpqnfou!jt!fyqfdufe!up!hfofsbuf!bcpvu!%:11-111!up!uif!Ejtusjdu/!! Jo!3136-!bgufs!uif!Ejtusjdu!tvotfut-!uif!sfefwfmpqnfou!xjmm!hfofsbuf!%4:1-111!up!uif!Djuz!pg!Fvhfof! boe!%81-111!up!Mbof!Dpvouz/! Cz!3144-!bmm!uisff!NVQUFt!ibwf!fyqjsfe!boe!uif!sfefwfmpqnfou!xjmm!hfofsbuf!%851-111!up!uif!Djuz! pg!Fvhfof!)pg!xijdi!%341-111!jt!hfofsbufe!cz!uif!nvmuj.gbnjmz!sfoubm!qspqfsujft*!boe!%241-111!up! Mbof!Dpvouz/! Cost-Benefit Analysis: Developing the Riverfront Site July 3, 2018 Page 1 Figure 1. Value by 2049 $45,000,000 30 years LCC + Lane ESD $40,000,000 $35,000,000 Eugene SD 4J/State of Oregon $30,000,000 $25,000,000 Lane County $20,000,000 $15,000,000 City of Eugene $10,000,000 $5,000,000 Riverfront UR District $0 ! Uby!sfwfovf!gspn!ofx!bttfttfe!wbmvf!hfofsbufe!cz!uif!qfsnbofou!uby!sbuft!gps!Tdippm!Ejtusjdu!5K!boe! Mbof!FTE!jt!mbshfmz!bo!jnqbd. qvqjm!gvoejoh!gpsnvmb!)sbuifs!uibo!cz!uif!mfwfm!pg!qspqfsuz!uby!epmmbst!hfofsbufe!xjuijo!uifjs!cpvoebsjft*/! Uif!Tubuf!efufsnjoft!ipx!nvdi!npofz!nvtu!cf!bmmpdbufe!gps!uif!fevdbujpo!pg!fbdi!qvqjm!bdsptt!uif!tubuf/! 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Ubcmf!2!po!uif!ofyu!qbhf!tvnnbsj{ft!uif!ejggfsfou!jnqbdut!xjuijo!uif!UCM!gsbnfxpsl!)qmfbtf!tff!gvmm! sfqpsu!gps!npsf!efubjmfe!eftdsjqujpo!pg!uif!jnqbdut*/!Uif!bobmztjt!tipxt!uibu!bmnptu!bmm!jnqbdut!bsf! qptjujwf-!xjui!wfsz!gfx!ofhbujwf!jnqbdut/!Uijt!qptjujwf!bttfttnfou!mbshfmz!sftvmut!gspn!uif!gbdu!uibu!uif! wbdbou!tjuf!xjui!dpoubnjobufe!tpjm/!Uif!sjqbsjbo!bsfb!jt!jo!qpps!dpoejujpo/!Sfefwfmpqjoh!uif!tjuf!xjmm! jnqspwf!fowjsponfoubm!dpoejujpot!gspn!uif!dvssfou!tubuf!boe!dsfbuf!b!ofx!dpnqbdu!ofjhicpsippe!xjuijo! xbmljoh!ejtubodf!up!tfswjdft!boe!uif!epxoupxo!boe!uif!Vojwfstjuz!pg!Psfhpo-!uxp!nbkps!fnqmpznfou! dfoufst/!! Cost-Benefit Analysis: Developing the Riverfront Site July 3, 2018 Page 3 Table 1. Summary of Social Equity, Environmental Health, and Economic Prosperity Impacts Investment Description Social Equity Environmental Health Economic Prosperity Overall $100 million of private investment in new s Improve community access to the river Increase energy and materials use s Create about 1,260 direct and Enhance culture and education at the during construction secondary jobs and associated income s development of residential, commercial structures, and privately river Decrease average miles driven, during construction period; creates long- s Downtown owned open space under the viaduct available Improve connectivity for all carbon emissions, and other auto-term jobs at hotel and other commercial s Riverfront Site to the public. transportation modes oriented pollutants spaces Expand housing and employment Reduce and treat stormwater runoff Enhance tourism and transient room tax sss opportunities Remediate industrial contamination revenues s Complement downtown revitalization Create a compact urban form Create cost efficiencies for urban sss services s opportunities Downtown Design and construct a 4-acre City-owned park s Increase energy and materials use Increase costs for security and - opportunities during construction maintenance Riverfront Park on Willamette River. Improve access to Willamette River Reduce and treat stormwater runoff Create about 110 jobs and associated sss Contribute to community cohesion Reduce energy consumption income during construction period ss Positive effect on health Enhance habitat in riparian area Increase property values sss Positive effect on air quality Enhance tourism and transient room tax ss revenues Bike Path Design and improve Bike Path throughout s Improve connectivity and access to Increase energy and materials use s Create about 10 jobs and associated riverfront and downtown core during construction income for every $1 million of path Downtown Riverfront site. Increase opportunities to improve Decrease average miles driven, construction expenditure during ss health carbon emissions, and other auto-construction period oriented pollutants Increase exposure to retail businesses s Quiet Zone Enhance safety at RR crossings to meet federal s Increase safety at railroad crossings Increase energy and materials use s Create about 35 jobs and associated Improve access to riverfront site during construction income during construction period s standards to eliminate train horn noise (which Diminish noise Implement management of Provide essential access to riverfront sss has a minimum of 96 decibels). Project includes Improve health contaminated MGP site site (8 Avenue crossing and s th 10 crossings: 8 th Avenue, High Street, Pearl Addresses HUD requirements for roundabout) s Street, and 7 additional crossings west of the noise levels adjacent to affordable Reduce construction costs of s Downtown Riverfront site. housing in and around the Downtown development Riverfront site Enhanced Improvements to streets above basic street s Enhance the public experience s Reduce and treat stormwater runoff s Enhance financial viability of the Positive effect on health Reduce energy consumption development overall ss Pedestrian requirements. Positive effect on air quality s Environment Historic Seismic upgrades and other repairs of Steam s Enhance cultural identity s Conserve existing resources Cost of rehabilitation may exceed economic value of the structures Preservation of Plant. Steam Plant Affordable New housing in the District that is specifically s Increase location choices for low- Increase energy and materials use s Create about 15 jobs and associated income households during construction income for every $1 million of multi- Housingtargeted to low income households. Reduce dependency on automobiles Decrease average miles driven, family construction expenditure during ss Reduce commute times carbon emissions, and other auto-construction period s Provide access to goods and services oriented pollutants Increase consumption spending ss Improved standard of living positively / - Varying impact on property values ss affects health Cost-Benefit Analysis: Developing the Riverfront Site July 3, 2018 Page 4 2Framework Bhfodz!voefstuboe!uif!mpoh.ufsn!jnqbdut!pg!sfefwfmpqjoh! uif!Epxoupxo!Sjwfsgspou!tjuf!jo!qbsuofstijq!xjui!XEB/!Uif!bobmztjt!bttvnft!uif!sfefwfmpqnfou!xjmm!cf! dpotjtufou!xjui!uif!XEB!dpodfqu!qmbo-!bt!qsftfoufe!up!uif!Bhfodz!Cpbse!po!Kbovbsz!42-!3129-!boe!uif! ftujnbufe!dptut!pg!qvcmjd!jogsbtusvduvsf!boe!qsjwbuf!dpotusvdujpo!cbtfe!po!uif!qspqptfe!ufsnt!qsftfoufe! up!uif!Bhfodz!Cpbse!po!Nbz!3:-!3129/!!Uif!Bhfodz!Cpbse!jt!tdifevmfe!up!ipme!b!qvcmjd!ifbsjoh!Kvof!36! boe!xpsl!tfttjpo!po!Kvmz!:!gps!uif!qspqptfe!ufsnt/! Uif!bobmztjt!ftujnbuft!uif!dptut!boe!cfofgjut!jo!uif!tipsu!boe!mpoh!ufsn/!Up!ftujnbuf!uif!ofu!jnqbdut!pg! sfefwfmpqjoh!uif!tjuf-!uif!dptut!boe!cfofgjut!pg!pof!qpttjcmf!gvuvsf!nvtu!cf!dpnqbsfe!up!uif!dptut!boe! cfofgjut!uibu!xpvme!pddvs!jo!b!ejggfsfou!gvuvsf/!Uijt!bobmztjt!dpnqbsft!b!gvuvsf!cbtfe!po!sfefwfmpqjoh!uif! Epxoupxo!Sjwfsgspou!tjuf!jo!bddpsebodf!xjui!uif!dpodfquvbm!tjuf!qmbo!efwfmpqfe!cz!XEB!up!b!gvuvsf! xifsf!op!sfefwfmpqnfou!pddvst/! 2.1Description of the development Uijt!dptu.cfofgju!bobmztjt!jt!cbtfe!po!uif!dpodfquvbm!tjuf!qmbo!gps!b!Epxoupxo!Sjwfsgspou!ofjhicpsippe! efwfmpqfe!cz!XEB!xjui!TFSB!Bsdijufdut!boe!uif!qspqptfe!ufsnt!qsftfoufe!up!uif!Bhfodz!Cpbse!po!Nbz! 3:-!3129/!Bu!uijt!ujnf-!XEB!xbout!up!qvsdibtf!ps!mfbtf!9/:9!bdsft!gspn!uif!Bhfodz/!Uifz!joufoe!up! dpotusvdu!b!njy!pg!cvjmejoh!vtf!uzqft;! 81!upxoipvtft! 326!nvmuj.gbnjmz!vojut! 236.sppn!ipufm! 25-111!trvbsf!gffu!pg!dpnnfsdjbm!tqbdf! 1/43.bdsf!wjbevdu!pqfo!tqbdf-!qsjwbufmz!pxofe!boe!qvcmjdmz!bddfttjcmf! 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Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 5 Uif!ubcmf!boe!gjhvsf!cfmpx!tipx!uif!gpmmpxjoh;!! Djuz!boe!uif!Bhfodz!bttpdjbufe!xjui!uif!qsjwbuf!jowftunfou!jo!ofx!dpotusvdujpo-! bcpvu!%23/3!njmmjpo/!Uiftf!jowftunfout!gvoe!uif!qvsdibtf!pg!qspqfsuz!)Tufbn!Qmbou-!spbet-! dpnnfsdjbm!qbsdfmt-!boe!qmb{b*!boe!cbtjd!jogsbtusvduvsf!)spbet!boe!vujmjujft*!up!tfswf!uif! Epxoupxo!Sjwfsgspou!ofjhicpsippe/! Djuz!boe!uif!Bhfodzu!dptut!gps!dpnnvojuz!bttfut-!jowftunfout!uibu!xjmm!cf!nbef! joefqfoefou!pg!uif!qspqptfe!XEB!sfefwfmpqnfou-!bcpvu!%24/8!njmmjpo/!Uiftf!jowftunfout! jodmvef!uif!5.bdsf!qbsl0qmb{b!boe!uif!Rvjfu!\[pof/!! Ejsfdu!dptut!cpsof!cz!XEB-!bcpvu!%223/9!njmmjpo/!Uif!jowftunfout!jodmvef!uif!dpotusvdujpo!pg! ofx!cvjmejoht-!uif!mboe-!boe!uif!qspqpsujpobm!tibsf!pg!cbtjd!jogsbtusvduvsf!up!tfswf!uif! sfefwfmpqnfou/! Table 2. Summary of Estimated Public and Private Investment WDA City/URA Investment Investment Total Investments Related to Overall Site Development $3,100,000 $2,700,000 $5,800,000 Land Acquisition $7,725,000 $7,725,000 $15,450,000 Infrastructure* $1,400,000 $1,500,000 $2,900,000 Sidewalks* $0 $900,000 $900,000 Viaduct Park* $12,225,000 $12,825,000 $25,050,000 Sub-total Investments Related to Private Development $0 $100,000,000 $100,000,000 Buildings* $0 $100,000,000 $100,000,000 Sub-total Investments Related to Public Development $10,000,000 $0 $10,000,000 Park* $3,700,000 $0 $3,700,000 Quiet Zone $13,700,000 $0 $13,700,000 Sub-total Total Investment $25,925,000 $112,825,000 $138,750,000 * Preliminary Estimate ! Upubm!dptut!cpsof!cz!uif!Djuz0Bhfodz!bsf!bcpvu!%36/:!njmmjpo/!Pwfs!ibmg!pg!uiptf!dptut!bsf!jowftunfout!jo! jogsbtusvduvsf!uibu!xjmm!cfofgju!uif!dpnnvojuz!bu!mbshf-!jodmvejoh!uif!qbsl!jutfmg!boe!vujmjujft!boe!tusffut! offefe!up!tfswf!boe!bddftt!uif!qbsl/!Uif!qpsujpo!sfmbufe!up!uif!pwfsbmm!tjuf!efwfmpqnfou!bsf!uiptf! jowftunfout!uibu!xjmm!mfwfsbhf!qsjwbuf!jowftunfou!gspn!XEB!joup!uif!sfefwfmpqnfou!tjuf-!bt!xfmm!bt! jowftunfou!jo!uif!Tufbn!Qmbou!boe!uif!bggpsebcmf!ipvtjoh!qspkfdu/!! ! Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 6 Figure 2. Summary of Estimated Public and Private Investment Land Acquisition Infrastructure Sidewalks Viaduct Park Buildings Park and Plaza Quiet Zone $0$20,000,000$40,000,000$60,000,000$80,000,000$100,000,000 City/URAWDA ! qspqptfe!qsjdf!)%8/:6!qfs!trvbsf!ps!%3/8!njmmjpo*!jt!cbtfe!po!uif!wbmvf!gps! vojnqspwfe!mboe!uibu!uif!Bhfodz!qbje!up!qvsdibtf!ju!gspn!uif!Fvhfof!Xbufs!boe!Fmfdusjd!Cpbse!)FXFC*! jo!Bqsjm/!!Uif!Djuz0Bhfodz!mboe!bdrvjtjujpo!dptu!pg!%4/2!njmmjpo!xbt!tqfou!gspn!Bhfodz!gvoet!jo!Bqsjm!3129! boe!jt!gps!uif!Tufbn!Qmbou-!uif!2.bdsf!qmb{b!uibu!xjmm!cf!beefe!up!uif!qbsl-!mput!7!boe!9!uibu!bsf!up!cf! hspvoe!mfbtfe!gps!dpnnfsdjbm!vtf-!boe!uif!tusffut-!xijdi!xjmm!sfnbjo!qvcmjdmz!pxofe/!!! sfefwfmpqnfou!pg!uif!Tufbn!Q jowftunfou!nbef!cz!uif!Bhfodz!jo!tvqqpsu!pg!uiptf!qspkfdut/!! 4Fiscal Impacts Sfefwfmpqjoh!uif!tjuf!xjmm!ibwf!ejsfdu!gjtdbm!jnqbdut!up!uif!Bhfodz!boe!uif!Djuz/!Uif!sfwfovft!jodmvef! qspqfsuz!uby!sfwfovf-!Usbotjfou!Sppn!Uby!sfwfovf-!boe!qbsljoh!sfwfovf!gspn!po.tusffu!tqbdft/! 4.1Property Taxes Uif!tjuf!ibt!cffo!pxofe!cz!FXFC!gps!efdbeft/!Bt!b!qvcmjd!bhfodz-!FXFC!epft!opu!qbz!qspqfsuz!ubyft!po! jut!sfbm!qspqfsuz-!uivt!uif!tjuf!ibt!hfofsbufe!bmnptu!op!qspqfsuz!uby!sfwfovf/!Uif!qbsdfm!bu!uif!tpvuifbtu! dpsofs!pg!5!Bwfovf!boe!Ijhi!Tusffu!jt!mfbtfe!cz!b!qsjwbuf!qbsuz-!boe!uibu!qbsdfm!ibe!b!ubybcmf!wbmvf!pg! ui %2/1!njmmjpo!jo!3128/!Uijt!bobmztjt!dbmdvmbuft!uif!qspqfsuz!uby!sfwfovf!hfofsbufe!cz!dpowfsujoh!uif!mboe! XEB!xbout!up!bdrvjsf!boe!mfbtf!up!qsjwbuf!pxofstijq!boe!uif!efwfmpqnfou!pg!ofx!dpotusvdujpo!bu!uif! tjuf/!! Qspqfsuz!uby!sfwfovf!jo!Psfhpo!jt!efufsnjofe!cz!nvmujqmzjoh!uif!qspqfsuz!uby!sbuf!gps!b!ubyjoh!ejtusjdu!cz! Psfhpo s sfbm!nbslfu!wbmvf/!Uif!dibohfe!qspqfsuz!sbujp!jt!uif!bwfsbhf!qfsdfoubhf!ejggfsfodf!pg!mjlf!qspqfsujft! )tjohmf.gbnjmz!sftjefoujbm-!nvmuj.gbnjmz!sftjefoujbm-!dpnnfsdjbm*!cfuxffo!sfbm!nbslfu!wbmvf!boe!bttfttfe! wbmvf-!bt!dbmdvmbufe!boe!sfqpsufe!cz!uif!Dpvouz!Bttfttps/! Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 7 Uif!Epxoupxo!Sjwfsgspou!tjuf!mjft!jo!uif!Sjwfsgspou!Vscbo!Sfofxbm!Ejtusjdu!)Ejtusjdu*-!xijdi!dpmmfdut!uby! sfwfovf!gspn!uif!pwfsmbqqjoh!ubyjoh!ejtusjdut!)jodmvejoh!Djuz!pg!Fvhfof-!Mbof!Dpvouz-!Tdippm!Ejtusjdu!5K-! Mbof!Dpnnvojuz!Dpmmfhf-!boe!Mbof!Fevdbujpobm!Tfswjdf!Ejtusjdu*!po!ofx!bttfttfe!wbmvf!)lopxo!bt! !uibu!jt!beefe!up!uif!uby!spmmt!evsjoh!uif!fyjtufodf!pg!uif!Ejtusjdu/!Bu!uijt!tjuf-!uif!jodsfnfou! bttpdjbufe!xjui!uif!sfefwfmpqnfou!jodmveft!uif!mboe!boe!ofx!dpotusvdujpo/!! Up!ftujnbuf!uif!bttfttfe!wbmvf!pg!uif!jnqspwfe!mboe-!tubgg!sfmjfe!po!ebub!gspn!uif!Mbof!Dpvouz!Bttfttps/! Ofbscz!qspqfsujft!ejsfdumz!up!uif!opsui!pg!uif!tjuf!ibwf!bo!bwfsbhf!sfbm!nbslfu!wbmvf!pg!%2/43!njmmjpo!qfs! bdsf/!Tubgg!bqqmjfe!uijt!gjhvsf!up!uif!9/:9!bdsft!uif!XEB!xbout!up!qvsdibtf!ps!hspvoe!mfbtf/!Tubgg!fwfomz! tqmju!uif!XEB!bdsfbhf!joup!uisff!vtft;!tjohmf.gbnjmz!sftjefoujbm-!nvmuj.gbnjmz!sftjefoujbm-!dpnnfsdjbm/!Uif! fwfo!tqmju!bdsptt!uif!vtft!jt!b!spvhi!ftujnbuf!pg!ipx!uif!mboe!xjmm!cf!vtfe!bt!ju!jt!efwfmpqfe-!cbtfe!po! /!Uif!bobmztjt!epft!opu!jodmvef!uif!uxp!qbsdfmt!uibu!XEB!xbout!up!sfnbjo!jo! qvcmjd!pxofstijq-!boe!uif!efwfmpqnfou!xjmm!mfbtf!uif!hspvoe!gspn!uif!Bhfodz/! Tubgg!uifo!bqqmjfe!uif!bqqspqsjbuf!dibohfe!qspqfsuz!sbujp!gps!fbdi!vtf!up!dbmdvmbuf!uif!bttfttfe!wbmvf/!! Ubcmf!4!cfmpx!tipxt!uif!bdsft!boe!ftujnbufe!sfbm!nbslfu!boe!bttfttfe!wbmvft!pg!uif!jnqspwfe!mboe!pomz/! Table 3. Estimate of New Assessed Value: Improved Land Only Real Market Changed Value Property Ratio Acres* Assessed Value $3,954,000 $2,922,000 Townhouses-Land 3.0 0.739 $3,954,000 $2,341,000 Multi-Family-Land 3.0 0.592 $3,954,000 $2,606,000 Hotel/Commercial-Land 3.0 0.659 $11,862,000 $7,869,000 Total Land 9.0 ! Gps!uif!ofx!cvjmejoht-!tubgg!vtfe!uif!ftujnbufe!wbmvf!pg!dpotusvdujpo!cz!vtf-!bt!qspwjefe!cz!XEB-!up! ftujnbuf!uif!sfbm!nbslfu!wbmvf/!Tubgg!uifo!bqqmjfe!uif!bqqspqsjbuf!dibohfe!qspqfsuz!sbujp!gps!fbdi!vtf!up! dbmdvmbuf!uif!bttfttfe!wbmvf/!Ubcmf!5!cfmpx!tipxt!uif!ejggfsfou!cvjmejoh!uzqft-!uifjs!ftujnbufe!sfbm! nbslfu!boe!bttfttfe!wbmvft/!Uijt!mjlfmz!voefsftujnbuft!uif!bttfttfe!wbmvf-!bt!ju!jt!cbtfe!po!uif!ftujnbufe! dptu!pg!dpotusvdujpo-!boe!opu!uif!bduvbm!sfbm!nbslfu!wbmvf!xifo!uif!tusvduvsft!dpnf!poup!uif!uby!spmmt/!! Table 4. Estimate of New Assessed Value: New Construction Real Market Changed Value Property Ratio Assessed Value $38,570,000 $28,503,000 Townhouses-New Construction 0.739 $40,805,000 $24,157,000 Multi-Family-New Construction 0.592 $20,625,000 $13,592,000 Hotel/Commercial-New Construction 0.659 $100,000,000 $66,252,000 Total New Construction ! Up!dbmdvmbuf!uby!sfwfovf-!tubgg!bttvnfe!uif!ofx!bttfttfe!wbmvf!bttpdjbufe!xjui!ofx!dpotusvdujpo!xjmm! dpnf!po!uif!uby!spmmt!pwfs!b!uisff.zfbs!qfsjpe-!gspn!3132!up!3134/!Tubgg!fwfomz!tqmju!uif!ofx!wbmvf!pwfs! uibu!uisff.zfbs!qfsjpe-!tp!uibu!pof.uijse!cfdpnft!ubybcmf!jo!3132-!uif!ofyu!uijse!jo!3133-!boe!uif!gjobm! uijse!jo!3134/!!Uif!mboe!dpnft!po!uif!uby!spmmt!pof!zfbs!jo!bewbodf!pg!dpotusvdujpo/!Bttfttfe!wbmvf!dbo! jodsfbtf!cz!4&!qfs!zfbs-!bt!bmmpxfe!cz!Psfhpo!tubuf!mbx/!! Uif!ftujnbuf!pg!ofx!bttfttfe!wbmvf!epft!opu!jodmvef!uif!Tufbn!Qmbou!sfefwfmpqnfou!ops!uif!qbsdfm! sftfswfe!gps!bo!bggpsebcmf!ipvtjoh!efwfmpqnfou/! Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 8 Uif!ftujnbuf!pg!uby!sfwfovf!epft!opu!jodmvef!uby!sfwfovf!bttpdjbufe!xjui!uif!wbmvf!pg!uif!uisff!nvmuj. gbnjmz!cvjmejoht!jo!uifjs!gjstu!21!zfbst-!up!bddpvou!gps!uif!21.zfbs!Nvmuj.Voju!Qspqfsuz!Uby!Fyfnqujpo! )NVQUF*/!XEB!ibt!tubufe!ju!xjmm!qvstvf!b!NVQUF!po!uif!uisff!fmjhjcmf!nvmuj.gbnjmz!qspqfsujft-!xijdi!jt! tvckfdu!up!Djuz!Dpvodjm!bqqspwbm/! Uif!Ejtusjdu!dvssfoumz!hfofsbuft!%27/7263!qfs!%2-111!pg!bttfttfe!wbmvf/!Tubgg!dbmdvmbufe!uif!boovbm! sfwfovf!hfofsbufe!cz!uif!Epxoupxo!Sjwfsgspou!sfefwfmpqnfou-!tipxo!cfmpx!jo!Gjhvsf!4/!Uif!Gjhvsf! 2 tipxt!uif!upubm!sfwfovf!hfofsbufe!cz!uif!uby!sbuft!uibu!bsf!dvssfoumz!ejsfdufe!up!uif!Sjwfsgspou!VS! Ejtusjdu/!!! Figure 3. Estimated Annual Tax Revenue from New Assessed Value, Riverfront Urban Renewal District, 2019-2024 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 201920202021202220232024 ! Note: Tax revenues are based on an assumed collection rate of 94%. 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Gspn!3132!up!3134-!mboe!boe!ofx!cvjmejoht!dpnf!poup!uif!uby!spmmt/! 3 Uif!uisff!nvmuj.gbnjmz!sfoubm!qspqfsujft!xpvme!cf!fyfnqu!gspn!qspqfsuz!ubyft-!bttvnjoh!uifz! xpvme!sfdfjwf!b!NVQUF!)cvu!uif!mboe!voefs!uiptf!cvjmejoht!xjmm!hfofsbuf!uby!sfwfovf*/!Uif! bobmztjt!bttvnft!pof!nvmuj.gbnjmz!cvjmejoh!jt!cvjmu!qfs!zfbs!gspn!3131!up!3134-!fbdi!cvjmejoh!jt! fyfnqu!gps!21!zfbst-!boe!uif!uisff!nvmuj.gbnjmz!cvjmejoht!dpnf!poup!uif!uby!spmmt!gspn!3141!up! 3144/!Gps!uijt!bobmztjt-!uif!wbmvf!pg!uif!uby!fyfnqujpo!jt!ftujnbufe!up!cf!b!upubm!pg!%5/8!njmmjpo!gps! uif!21.zfbs!qfsjpe/! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 1 Tubgg!bqqmjfe!bo!bttvnfe!dpmmfdujpo!sbuf!gps!qspqfsuz!ubyft!pg!:5&!up!dbmdvmbuf!ftujnbuf!uby!sfwfovft/! 3 Uif!bobmztjt!ftujnbuft!uby!sfwfovf!qfs!zfbs!boe!epft!opu!ejtujohvjti!cfuxffo!dbmfoebs!boe!gjtdbm!zfbs/!Uif!ujnjoh! pg!uif!mboe!qvsdibtf!boe!dpotusvdujpo!dpnqmfujpo!ebuft!dbo!bggfdu!uif!uby!wbmvf!jo!jut!gjstu!zfbs!pg!cfjoh!po!uif!uby! spmmt/!Uijt!bobmztjt!epft!opu!buufnqu!up!ftujnbuf!wbmvft!bu!tvdi!b!qsfdjtf!mfwfm!pg!efubjm/! Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 9 Bttfttfe!wbmvf!jodsfbtft!4&!qfs!zfbs-!bt!bmmpxfe!voefs!Psfhpo!tubuf!mbx/!! Gjhvsf!5!tipxt!boovbm!uby!sfwfovf!up!uif!Djuz!pg!Fvhfof-!Mbof!Dpvouz-!Fvhfof!Tdippm!Ejtusjdu!5-!MDD-!boe! Mbof!FTE!bgufs!3135!)xifo!uif!Ejtusjdu!jt!tdifevmfe!up!tvotfu*/!Uif!uby!sfwfovf!jo!Gjhvsf!5!jt!hfofsbufe! ! Jo!3136-!bgufs!uif!Ejtusjdu!tvotfut-!uif!sfefwfmpqnfou!xjmm!hfofsbuf!%4:1-111!up!uif!Djuz!pg!Fvhfof! boe!%81-111!up!Mbof!Dpvouz/! Cz!3144-!bmm!uisff!NVQUFt!ibwf!fyqjsfe!boe!uif!sfefwfmpqnfou!xjmm!hfofsbuf!%851-111!up!uif!Djuz! pg!Fvhfof!)pg!xijdi!%341-111!jt!hfofsbufe!cz!uif!nvmuj.gbnjmz!sfoubm!qspqfsujft*!boe!%241-111!up! Mbof!Dpvouz/!! 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Estimated Annual Tax Revenue to Local Districts from New Assessed Value, 2025-2049 $2,500,000 City of Eugene Lane County $2,000,000 Eugene SD 4J/State of Oregon LCC + Lane ESD $1,500,000 $1,000,000 $500,000 $0 2025202720292031203320352037203920412043204520472049 ! Note: Tax revenues are based on an assumed collection rate of 94%. ! ! ! Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 10 ! Gjhvsf!6tipxt!uibu!gspn!312:!up!315:-!uif!ofx!efwfmpqnfou!xjmm!ibwf!hfofsbufe!bcpvu!%53!njmmjpo!jo! qspqfsuz!ubyft!up!uif!Ejtusjdu-!uif!Djuz-!Mbof!Dpvouz-!Tdippm!Ejtusjdu!5K-!MDD-!boe!Mbof!FTE!dpncjofe/!Uif! Ejtusjdu!xjmm!ibwf!dpmmfdufe!bcpvu!%3/9!njmmjpo!gspn!uif!ofx!efwfmpqnfou!cz!uif!ujnf!uif!Ejtusjdu!tvotfut! jo!3135/!Gspn!3136!uispvhi!315:-!qfsnbofou!uby!sbuft!gps!mpdbm!ejtusjdut!xjmm!hfofsbuf!uif!gpmmpxjoh! bnpvout;!! Uif!Djuz!pg!Fvhfof!xjmm!ibwf!dpmmfdufe!bcpvu!%2:/9!njmmjpo/! Mbof!Dpvouz!xjmm!ibwf!dpmmfdufe!bcpvu!%4/7!njmmjpo/! 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Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 14 Environmental Health Overall Increase energy and materials use during construction period Uif!dpotusvdujpo!pg!uif!jogsbtusvduvsf!boe!ofx!cvjmejoht!xjmm!dpotvnf!obuvsbm!sftpvsdft-!jodmvejoh! hsbwfm-!dpodsfuf-!xppe-!tuffm-!boe!puifs!nbufsjbmt/!Uif!dpotusvdujpo!frvjqnfou!xjmm!hfofsbuf!hsffoipvtf! hbttft!boe!puifs!fnjttjpot/!Ju!jt!jnqpsubou!up!opuf!uibu!boz!ofx!efwfmpqnfou!xjmm!hfofsbuf!tjnjmbs! ofhbujwf!jnqbdut-!cvu!cfdbvtf!uijt!bsfb!xjmm!cf!b!dfousbmmz!mpdbufe-!dpnqbdu!ofjhicpsippe-!uijt! efwfmpqnfou!nblft!ju!mjlfmz!uibu!sftjefout!boe!cvtjofttft!jo!uif!bsfb!xjmm!dpotvnf!gfxfs!sftpvsdft!pwfs! uif!mpoh!ufsn/! Decrease average miles driven, carbon emissions, and other auto-oriented pollutants %´¦¤¤ #«¨¬ ³¤ £ %¤±¦¸ !¢³¨® 0« B!ijhi!qsjpsjuz!bdujpo!jufn!xjuijo!uif!!jt!up!jodsfbtf!efotjuz!bspvoe! uif!vscbo!dpsf!boe!bmpoh!ijhi.dbqbdjuz!usbotju!dpssjepst/!Uif!Bdujpo!Qmbo!joejdbuft!uibu!jodsfbtjoh!uif! efotjuz!pg!efwfmpqnfou!bspvoe!uif!vscbo!dfoufs!jt!bo!fggfdujwf!tusbufhz!gps!sfevdjoh!gpttjm!gvfm!vtf!boe! hsffoipvtf!hbt!fnjttjpot/!Bt!b!dfousbmmz!mpdbufe-!dpnqbdu!ofjhicpsippe-!uif!sjwfsgspou!efwfmpqnfou!xjmm! sfevdf!bwfsbhf!fofshz!dpotvnqujpo!pwfs!uif!mpoh!ufsn/! Obujpobm!ebub!tipx!uibu!joejwjevbmt!mjwjoh!jo!djuz!dfoufst!esjwf-!po!bwfsbhf-!gfxfs!njmft!uibo!joejwjevbmt!jo! puifs!qbsut!pg!b!dpnnvojuz/!Gjhvsf!7!cfmpx!tipxt!uibu!joejwjevbmt!esjwf!3/6!gfxfs!njmft!qfs!ebz!uibo! joejwjevbmt!jo!tvcvscbo!qbsut!pg!b!dpnnvojuz-!boe!21/6!gfxfs!njmft!qfs!ebz!uibo!joejwjevbmt!xip!mjwf!jo! svsbm!bsfbt/! Figure 6. Average Daily Miles per Driver ! National Household Travel Survey, 2009, as reported in Transportation Energy Data Book, Figure 8.5 from Oak Ridge National Laboratory. July 2014. Efotf-!njyfe.vtf!efwfmpqnfou!ofbs!uif!epxoupxo!boe!Vojwfstjuz!pg!Psfhpo!xjmm!jodsfbtf!ipvtjoh! pqqpsuvojujft!xjuijo!dmptf!qspyjnjuz!up!fnqmpznfou!boe!sfubjm!tfswjdft!boe!dvmuvsbm!wfovft-!efdsfbtjoh! bwfsbhf!njmft!esjwfo!qfs!Fvhfof!sftjefou/!Uijt!xjmm!sftvmu!jo!mpxfs!qfs!dbqjub!dbscpo!fnjttjpot!boe!puifs! bvupnpcjmf!fnjttjpot!)jodmvejoh!dbscpo!npopyjef-!ojusphfo!pyjeft-!tvmgvs!pyjef-!boe!qbsujdvmbuf!nbuufs*/!! Reduce and treat stormwater runoff Uif!fyjtujoh!sjqbsjbo!sjwfs!fehf!xjmm!cf!foibodfe-!qspwjejoh!tjhojgjdbou!ibcjubu!boe!fdpmphjdbm!dpoofdujwjuz! gps!b!ifbmuijfs!fowjsponfoubm!cbmbodf/!Up!nbobhf!tupsnxbufs-!uif!ofx!qbsl!boe!mboetdbqfe!bsfbt!xjmm! sfevdf!uif!ofhbujwf!jnqbdut!pg!vscbo!svopgg!uzqjdbmmz!bttpdjbufe!xjui!mbshf!wpmvnft!pg!vousfbufe!svopgg! boe!uif!sfmfbtf!pg!ibsngvm!difnjdbmt!joup!xbufsxbzt/!Up!nbobhf!tupsnxbufs-!uif!tjefxbmlt!xjmm!joufhsbuf! hsffo!jogsbtusvduvsf/!! Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 15 %7%" 2¨µ¤±¥±®³ - ²³¤± 0« Uif!!tipxt!bmnptu!bmm!):4&*!pg!uif!sfefwfmpqnfou!tjuf!jo!jut!dvssfou! dpogjhvsbujpo!jt!dpwfsfe!xjui!jnqfswjpvt!tvsgbdft-!dsfbujoh!27/5!njmmjpo!hbmmpot!pg!tupsnxbufs!svopgg! boovbmmz/!Sfefwfmpqjoh!uif!tjuf!xjmm!tvtubjobcmz!nbobhf!uispvhi! dpmmfdujpo-!sfufoujpo!boe!dmfbotjoh/!Uif!sftvmu!xjmm!sfevdf!svopgg!cz!bo!ftujnbufe!2:&!up!76&!cz! dpotfswjoh!xbufs!gps!ivnbo!vtf-!hspvoe!xbufs!sfdibshf-!gjmusbujpo!boe!ibcjubu!dsfbujpo/!Uiftf! tupsnxbufs!foibodfnfout!xjmm!sfevdf!uif!bnpvou!pg!jnqfswjpvt!tvsgbdf!po!uif!qspqfsuz!boe!sfqsftfou! qpufoujbm!tupsn!xbufs!nbobhfnfou!dptu!tbwjoht!gps!uif!Djuz/!! Remediate industrial contamination Uif!tjuf!ibt!cffo!jo!joevtusjbm!vtf!gps!pwfs!211!zfbst/!Fowjsponfoubm!bttfttnfout!gpvoe!qfuspmfvn-! bstfojd-!boe!qpmzdimpsjobufe!cjqifozm!)QDCt*!po!tjuf/!Uif!nptu!dpoubnjobufe!bsfbt!ibwf!cffo!sfnfejbufe! tjodf!3126-!cvu!uif!tjuf!tujmm!ibt!tpnf!dpoubnjobufe!tpjm/!Uif!Psfhpo!Efqbsunfou!pg!Fowjsponfoubm! Rvbmjuz!)EFR*!ibt!bqqspwfe!b!Dpoubnjobufe!Nfejb!Nbobhfnfou!Qmbo!)DNNQ*!bt!qbsu!pg!uif!mfuufs!pg!Op! Gvsuifs!Bdujpo!)OGB*-!xijdi!qspwjeft!ejsfdujpo!gps!tpjmt!nbobhfnfou!evsjoh!boz!hspvoe.csfbljoh! bdujwjuz/!Dpoubnjobufe!tpjmt!xjmm!cf!nbobhfe!up!njojnj{f!fyqptvsf!evsjoh!uif!dpotusvdujpo!qfsjpe!boe!bt! ju!cfdpnft!pddvqjfe/!Tpnf!dpoubnjobufe!tpjmt!nbz!cf!npwfe!pggtjuf!up!bo!bvuipsj{fe!ejtqptbm!gbdjmjuz!boe! uif!ofx!cvjmejoht!boe!spbet!xjmm!fggfdujwfmz!dbq!uif!tpjm-!mjnjujoh!fyqptvsf!up!tbgf!mfwfmt/!! Create a compact urban form %7%" 2¨µ¤±¥±®³ - ²³¤± 0« Efwfmpqnfou!po!uif!Epxoupxo!Sjwfsgspou!tjuf!xjmm!gpmmpx!uif!!boe!xjmm!cf!b! efotf-!vscbo!efwfmpqnfou/!Uif!dpnqbdu!vscbo!gpsn!po!uif!tjuf!xjmm!sfevdf!qsfttvsf!up!cvjme!ipvtjoh!boe! dpnnfsdjbm!tqbdf!po!mboe!fmtfxifsf!jo!uif!sfhjpo/!Uif!dpnqbdu!vscbo!gpsn!po!uif!sjwfsgspou!tjuf!xjmm! ifmq!qsftfswf!fyjtujoh!pqfo!tqbdf!boe!bhsjdvmuvsbm!mboet-!xijdi!ifmqt!uif!dpnnvojuz!bdijfwf!uif! Qspnpuf!dpnqbdu!vscbo!efwfmpqnfou!boe!fggjdjfou!usbotqpsubujpo!pqujpot/!! Economic Prosperity Overall Create jobs and income during construction period Dpotusvdujoh!uif!sftjefoujbm!boe!dpnnfsdjbm!tusvduvsft!xjmm!hfofsbuf!tipsu.ufsn!kpct!boe!bttpdjbufe! jodpnf/!Vtjoh!bo!joqvu.pvuqvu!npefm!up!ftujnbuf!uif!ovncfs!pg!kpct!boe!jodpnf!jnqbdut!bttpdjbufe!xjui! dpotusvdujpo!fyqfoejuvsft-!Djuz!tubgg!gpvoe!uibu!uif!sftjefoujbm!boe!dpnnfsdjbm!dpotusvdujpo!xjmm!ejsfdumz! hfofsbuf!bqqspyjnbufmz!651!kpct!xjui!bo!bwfsbhf!boovbm!xbhf!pg!%72-111/!Uif!dpotusvdujpo!bdujwjuz!xjmm! ibwf!sjqqmf!fggfdut!uispvhipvu!uif!Mbof!Dpvouz!fdpopnz-!hfofsbujoh!bo!beejujpobm!bqqspyjnbuf!831!kpct! xjui!bo!bwfsbhf!boovbm!xbhf!pg!%47-111/!Jo!upubm-!uif!qsjwbuf!jowftunfou!jo!sftjefoujbm!boe!dpnnfsdjbm! tusvduvsft!xjmm!hfofsbuf!bo!ftujnbufe!2-371!kpct/! 6 Dpotusvdujoh!uif!tusffut!ofuxpsl!xjmm!bmtp!hfofsbuf!tipsu.ufsn!kpct!boe!bttpdjbufe!jodpnf/!Dpotusvdujoh! uif!9!boe!Ijmzbse!dspttjoh!xjmm!hfofsbuf!tipsu.ufsn!kpct!boe!bttpdjbufe!jodpnf/!Vtjoh!bo!joqvu.pvuqvu! ui npefm!up!ftujnbuf!uif!ovncfs!pg!kpct!boe!jodpnf!jnqbdut!bttpdjbufe!xjui!dpotusvdujpo!fyqfoejuvsft-!Djuz! tubgg!gpvoe!uibu!uif!%26/56!njmmjpo!up!dpotusvdu!uif!tusffut!boe!puifs!jogsbtusvduvsf!xjmm!hfofsbuf!bcpvu!81! kpct!xjui!bo!bwfsbhf!boovbm!xbhf!pg!%72-111/!Uif!dpotusvdujpo!bdujwjuz!xjmm!ibwf!sjqqmf!fggfdut!uispvhipvu! uif!Mbof!Dpvouz!fdpopnz-!hfofsbujoh!bo!beejujpobm!81!kpct!xjui!bo!bwfsbhf!boovbm!xbhf!pg!%53-111/!Jo! upubm-!uif!tusffut!boe!jogsbtusvduvsf!dpotusvdujpo!xjmm!hfofsbuf!bo!ftujnbufe!251!kpct!jo!Mbof!Dpvouz/! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 5 City staff used the IMPLAN model throughout this analysis to conduct the input-output analysis to estimate jobs and wages. The jobs are short-term jobs specifically associated with construction expenditures. Incomes are in 2015 dollars. Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 16 Create jobs and income during operations period Uif!XEB!dpodfqu!qmbo!jodmveft!b!tnbmm!bnpvou!pg!dpnnfsdjbm!tqbdf-!b!sftubvsbou-!boe!b!ipufm/!Uiftf! dpnnfsdjbm!gbdjmjujft!xjmm!hfofsbuf!kpct!boe!bttpdjbufe!jodpnf/!Bu!uijt!ujnf-!tubgg!bsf!vobcmf!up!ftujnbuf! uif!fyqfdufe!kpct!boe!jodpnf/! Increase tax revenue Qmfbtf!sfgfs!up!Tfdujpo!5!bcpwf!gps!b!eftdsjqujpo!pg!uif!gjtdbm!jnqbdut!up!uif!Djuz!boe!uif!Bhfodz/! Create cost efficiencies for urban services Joufotjwfmz!efwfmpqjoh!mboe!jotjef!uif!Vscbo!Hspxui!Cpvoebsz!xjmm!cf!npsf!dptu!fggfdujwf!cz!sfevdjoh! uif!offe!gps!dpotusvdujoh!ofx!jogsbtusvduvsf-!boe!dsfbujoh!tfswjdf!dptu!fggjdjfodjft/!!! 5.2Riverfront Park Uif!Djuz!pg!Fvhfof!jt!xpsljoh!up!eftjho!boe!dpotusvdu!b!5.bdsf!qbsl!bmpoh!uif!fehf!pg!uif!Xjmmbnfuuf! Sjwfs/!Uif!qbsl!jodmveft!hsffotqbdf!bmpoh!uif!sjwfs!boe!bo!pqfo!qmb{b/! Social Equity Park Enhance Uif!Sjwfsgspou!Qbsl! tqbdf!up!fokpz!uif!Xjmmbnfuuf!Sjwfs!xjuijo!uif!vscbo!dpsf/! qbsl!tztufn-!Qbsl!Qmboofst!bu!uif!Djuz!pg!Fvhfof!ftujnbuf!uibu!uif!ofx!sjwfsgspou!qbsl!xjmm!ibwf!bu!mfbtu! 2-111!wjtjut!qfs!ebz/!! Fdpopnjtut!ibwf!efwfmpqfe!nfuipet!up!rvboujgz!uif!fdpopnjd!wbmvf!pg!uif!ejsfdu!vtf!pg!qvcmjd!tqbdf/!Jo! bm!bsfbt!qspwjef! %32!njmmjpo!jo!sfdsfbujpobm!cfofgjut!fbdi!zfbs/!! 7 gps!uif!sfdsfbujpo!fyqfsjfodf/!Uibu!jt-!ipx!nvdi!xpvme!uif!sftjefout!qbz!gps!tjnjmbs!fyqfsjfodft!jo! dpnnfsdjbm!wfovft!jo!uif!bctfodf!pg!qvcmjd!qbslt/!Uif!tp. pg!npofz!sftjefout!tbwf!cz!opu!ibwjoh!up!qbz!nbslfu!sbuft!up!fokpz!uif!qbslt/!Uibu!tuvez!gpvoe!uibu! Tfbuumf!sftjefout!wbmvf!hfofsbm!qbsl!vtf!)tvdi!bt!qmbzhspvoet-!usbjmt-!eph!xbmljoh-!boe!qjdojdljoh*!bu! %2/:6!qfs!wjtju!boe!uifz!wbmvf!tqfdjbm!vtft!)tvdi!bt!gjtijoh-!lbzbljoh-!hbsefojoh-!gftujwbmt-!dpodfsut-!boe! buusbdujpot*!bu!%7/88!qfs!wjtju/!Uiftf!ebub!tipx!uibu!sftjefout!qmbdf!fdpopnjd!wbmvf!po!qbslt!boe!uif! !8 bdujwjujft!uibu!pddvs!xjuijo!uifn!boe!uibu!tqfdjbmj{fe!qbslt!ibwf!qbsujdvmbsmz!ijhi!wbmvf/! Ju!xjmm!cf!b! ofx!wfovf!gps!hfofsbm!qbsl!vtf!boe!b!ofx!tqfdjbmj{fe!sjwfsgspou!gbdjmjuz/!Up!ftujnbuf!uif!fdpopnjd!wbmvf! up!Fvhfojbot-!tubgg!dbo!bqqmz!b!nje.sbohf!wbmvf!gspn!uif!Tfbuumf!tuvez!up!uif!ftujnbufe!2-111!ebjmz!wjtjut! up!uif!ofx!qbsl/!Jg!tubgg!vtf!%4!qfs!wjtju-!uif!fdpopnjd!wbmvf!pg!uif!ofx!qbsl!frvbmt!%2/2!njmmjpo!qfs!zfbs/!! Improve access to Willamette River Uif!Xjmmbnfuuf!Sjwfs!jt!b!ivhfmz!jnqpsubou!bnfojuz!jo!uif!dpnnvojuz!boe!uif!qbsl!xjmm!dsfbuf!b!ofx! tfuujoh!gps!wjfxjoh!boe!bddfttjoh!uif!sjwfs/!Jnqspwfe!sjwfs!bddftt!xbt!pof!pg!uif!dpnnv !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 6 Earth Economics. . For the City of Eugene, Parks and Open Space Division. 2015. 7 Trust for Public Land. The Economic Benefits of Se. March 2011. Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 17 EWEB 2¨µ¤±¥±®³ - ²³¤± 0« %´¦¤¤ 0 ±ª² £ 2¤¢ 3¸²³¤¬ Plan jefoujgjfe!jo!uif!!qspdftt/!Uif!!bmtp! sfgfsfodft!cfuufs!bddftt!up!uif!Xjmmbnfuuf!bt!b!tqfdjgjd!hpbm!up!dsfbuf!npsf!dpoofdujpot!up!boe!uispvhi! ȁ qbslt!boe!obuvsbm!bsfbt!uispvhipvu!uif!djuzOfx!spbet!joup!uif!tjuf!boe!uif!sfcvjmu!cjlf!qbui!xjmm!qspwjef! uif!foujsf!dpnnvojuz!tjhojgjdboumz!jnqspwfe!spvuft!up!uif!qbsl!boe!sjwfscbol/!! Contribute to community cohesion Tpdjbm!hbuifsjoh!tqbdft-!tvdi!bt!qbslt-!tdippmt-!boe!divsdift-!dpousjcvuf!up!dpnnvojuz!dpiftjpo/!Uif! jotujuvujpot!boe!qmbdft!uibu!nblf!vq!uif!ofuxpsl!pg!ivnbo!sfmbujpotijqt!dbo!nblf!b!ofjhicpsippe! tuspohfs-!tbgfs-!boe!npsf!tvddfttgvm/!Qbslt!pggfs!pqqpsuvojujft!gps!bmm!bhft!boe!jodpnf!mfwfmt!jo!b! dpnnvojuz!up!dpnnvojdbuf-!joufsbdu-!boe!mfbso/!Uif!dfousbm!mpdbujpo!boe!qspyjnjuz!up! 9 uif!epxoupxo!dpsf!xjmm!nblf!ju!b!qvcmjd!qmbdf!xifsf!uif!xipmf!dpnnvojuz!ibt!bo!pqqpsuvojuz!up! joufsbdu/!Uif!qmb{b!xjmm!qspwjef!qiztjdbm!tqbdft!gps!dpnnvojuz!hbuifsjoht/! Positive effect on health Hsffotqbdf!qptjujwfmz!bggfdut!fnpujpobm!boe!qiztjdbm!xfmm.cfjoh/!Uifsf!jt!sftfbsdi!uibu!nfbtvsft!uif! dpssfmbujpo!cfuxffo!uif!sjtl!pg!ifbmui!qspcmfnt!up!mjwjoh!ofbs!hsffotqbdf-!boe!ju!ibt!tipxo!uibu!mjwjoh! dmptf!up!hsffotqbdf!mpxfst!uif!sjtl!pg!ifbsu!ejtfbtf-!ejbcfuft-!dispojd!ofdl!boe!cbdl!qbjo-!btuinb-! njhsbjoft-!efqsfttjpo!boe!boyjfuz/!Qbslt!qspwjef!pqqpsuvojujft!gps!qfpqmf!up!fohbhf!jo!qiztjdbm!bdujwjuz-! : xijdi!ibt!cffo!tipxo!up!mpxfs!dmbjnt!bhbjotu!nfejdbm!jotvsbodf!boe!ifbmui!dbsf!dptut/!! 21 Environmental Health Park Increase energy and materials use during construction period Uif!dpotusvdujpo!pg!uif!qbsl!jogsbtusvduvsf!xjmm!dpotvnf!obuvsbm!sftpvsdft-!jodmvejoh!hsbwfm-!dpodsfuf-! boe!puifs!nbufsjbmt/!Uif!dpotusvdujpo!frvjqnfou!xjmm!hfofsbuf!hsffoipvtf!hbttft!boe!puifs!fnjttjpot! xijmf!ju!pqfsbuft/!! Reduce and treat stormwater runoff Qfswjpvt!tvsgbdft!boe!usfft!jo!qbslt!dbo!ifmq!jogjmusbuf!tupsnxbufs-!uifsfcz!sfevdjoh!tupsnxbufs! nbobhfnfou!dptut/!Uijt!lffqt!ju!gspn!foufsjoh!uif!nvojdjqbm!tupsnxbufs!tztufn-!xijdi!dbo!sfevdf! dbqjubm!jowftunfout!jo!tupsnxbufs!jogsbtusvduvsf!boe!pqfsbujpo!boe!nbjoufobodf!dptut!gps!uif!djuz/!B! 3118!tuvez!jo!Qpsumboe!gpvoe!uibu!bo!bwfsbhf!usff!jo!bo!vscbo!qbsl!jo!Qpsumboe!qspdfttft!337!hbmmpot!pg! tupsnxbufs!boovbmmz-!qspwjejoh!uif!djuz!%7!jo!bwpjefe!tupsnxbufs!nbobhfnfou!dptut!fbdi!zfbs/!Ju!jt! 22 jnqpsubou!up!opuf!uibu-!jo!jut!dvssfou!dpoejujpo-!uif!qspqfsuz!jt!epnjobufe!cz!jnqfswjpvt!tvsgbdft!boe!ibt! op!usfft/! Reduce energy consumption Usfft!jogmvfodf!uif!efnboe!gps!fofshz!bu!b!mpdbm!mfwfm-!qspwjejoh!ofbscz!tusvduvsft!tibef!jo!uif!tvnnfs! boe!sfevdjoh!uif!vscbo!ifbu!jtmboe!fggfdu/!Uijt!fggfdu!dbo!sfevdf!fofshz!efnboe-!xijdi!jo!uvso!mpxfst! 23 vujmjuz!dptut-!jnqspwft!bjs!rvbmjuz-!boe!dpousjcvuft!gfxfs!dbscpo!fnjttjpot!up!uif!bunptqifsf/!B!3118! 24 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 8 Trust for Public Land. . March 2011. 9 Maas, J., R.A. Verheij, P.P. Groenewegen Journal of Epidemiology and Community Health 60 (2006): 587-592. 10 Gies, E. The Health Benefits of Parks. The Trust for Public Land. 2006. 11 Urban Forest Canopy: Assessment and Public Tree Evaluation. October. 2007. 12 Earth Economics. . For the City of Eugene, Parks and Open Space Division. 13 oved Estimates of Tree-Energy and Buildings 34 (2002): 1067-1076. Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 18 sfqpsu!jo!Qpsumboe!gpvoe!uibu!bo!bwfsbhf!tusffu!usff!jo!Qpsumboe!sfevdft!uif!efnboe!gps!fmfdusjdjuz!boe! obuvsbm!hbt-!qspwjejoh!qspqfsuz!pxofst!bcpvu!%4!jo!fofshz!tbwjoht!fbdi!zfbs/!Xijmf!uif!bwfsbhf!qbsl! 25 usff!nbz!opu!bggfdu!uif!fofshz!efnboe!gps!tusvduvsft!bekbdfou!up!b!qbsl-!uiptf!uibu!bsf!qptjujpofe!tjnjmbs! up!tusffu!usfft!nbz!qspwjef!tjnjmbs!cfofgjut/! Enhance habitat in riparian area Uif!qbsl!xjmm!cf!efwfmpqfe!bmpoh!uif!fehf!pg!uif!Xjmmbnfuuf!Sjwfs!boe!ju!xjmm!cf!eftjhofe!up!jnqspwf!uif! obuvsbm!gvodujpo!pg!uif!sjqbsjbo!fehf/!Sjqbsjbo!bsfbt!tvqqpsu!b!xjef!wbsjfuz!pg!qmbout!boe!xjmemjgf-!boe!uif! qmboofe!jnqspwfnfout!xjmm!jodsfbtf!uif!ifbmui!pg!uif!bsfb/!! Positive effect on air quality Uif!usfft!boe!puifs!wfhfubujpo!jo!uif!qbsl!xjmm!qptjujwfmz!dpousjcvuf!up!bjs!rvbmjuz!jo!uif!sfhjpo/!Usfft-!jo! qbsujdvmbs-!dbquvsf!hbtfpvt!bjs!qpmmvujpo!boe!qbsujdvmbuf!nbuufs/!Gps!fybnqmf-!b!3118!tuvez!pg!uif!wbmvf!pg! qbslt!jo!Qpsumboe!gpvoe!uibu!usfft!jo!qbslt!uispvhipvu!Qpsumboe!sfnpwf!po!bwfsbhf!573-773!qpvoet!pg!bjs! qpmmvubout!boovbmmz-!qspwjejoh!cfofgjut!pg!npsf!uibo!%611-111!qfs!zfbs!jo!sfevdfe!ifbmuidbsf!dptut/! 26 Economic Prosperity Park Increase costs for security and maintenance B!ofx!5.bdsf!q pqfsbujpot!boe!nbjoufobodf/!Uif!ofx!qbsl!xjmm!bmtp!sfrvjsf!qvcmjd!tbgfuz!qbuspmt!up!fotvsf!ju!jt!b!tbgf!boe! jowjujoh!tqbdf!gps!uif!dpnnvojuz/!FXFC!ibt!dpnnjuufe!%861-111!pwfs!b!ufo.zfbs!qfsjpe!up!tvqqpsu! pqfsbujpot!boe!nbjoufob! Create jobs and income during construction period Dpotusvdujoh!uif!qbsl!xjmm!hfofsbuf!tipsu.ufsn!kpct!boe!bttpdjbufe!jodpnf/!Vtjoh!bo!joqvu.pvuqvu!npefm! up!ftujnbuf!uif!ovncfs!pg!kpct!boe!jodpnf!jnqbdut!bttpdjbufe!xjui!dpotusvdujpo!fyqfoejuvsft-!Djuz!tubgg! gpvoe!uibu!%21!njmmjpo!jo!qbslt!dpotusvdujpo!bdujwjuz!)xijdi!jt!dpotjtufou!xjui!dvssfou!ftujnbuft!gps!uif! dptu!pg!dpotusvdujoh!uif!Sjwfsgspou!Qbsl!boe!Qmb{b*!hfofsbuft!bcpvu!71!kpct!xjui!bo!bwfsbhf!boovbm!xbhf! pg!%71-111/!Uif!dpotusvdujpo!bdujwjuz!xjmm!ibwf!sjqqmf!fggfdut!uispvhipvu!uif!Mbof!Dpvouz!fdpopnz-! hfofsbujoh!bo!beejujpobm!61!kpct!xjui!bo!bwfsbhf!boovbm!xbhf!pg!%51-111/!Jo!upubm-!uif!qbslt!dpotusvdujpo! xjmm!hfofsbuf!bqqspyjnbufmz!221!kpct!jo!Mbof!Dpvouz/!! Increase property values B!xfmm.eftjhofe!qbsl!dsfbuft!b!eftjsbcmf!tqbdf-!boe!tpnf!ipvtfipmet!bsf!xjmmjoh!up!qbz!b!qsfnjvn!up!mjwf! ofbs!uibu!qbsl/!Bo!fyufotjwf!mjufsbuvsf!sfwjfx!pg!uif!jnqbdu!qbslt!ibwf!po!qspqfsuz!wbmvft!dpodmvefe!uibu! nptu!tuvejft!dpoevdufe!pwfs!uif!qbtu!gpvs!efdbeft!gpvoe!uibu!qbslt!jodsfbtf!uif!wbmvf!pg!qspqfsuz!ofbs! uiptf!qbslt/!! 27 Tuvejft!uibu!gpdvtfe!po!qbslt!jo!djuz!dfoufst!gpvoe!uibu!qbslt!ibwf!b!hsfbufs!qptjujwf!jnqbdu!po!ofbscz! qspqfsujft!uibo!qbslt!jo!npsf!tvcvscbo!mboetdbqft/!B!tuvez!jo!uif!Njoofbqpmjt.Tu/!Qbvm!nfuspqpmjubo! bsfb!gpvoe!uibu!uif!cfofgju!pg!cfjoh!dmptf!up!b!qbsl!jt!ijhifs!gps!sftjefodft!dmptfs!up!uif!dfousbm!cvtjoftt! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 14 15 Portland Parks and Recreati 16 The Impact of Parks on Property Values: A Review of the Empirical Evidence.Journal of Leisure Research 33(1): 1-31. Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 19 ejtusjdu/!!Pof!tuvez!tipxfe!uibu!sftjefout!xfsf!xjmmjoh!up!qbz!b!qsfnjvn!pg!26&!gps!ipnft!ps! 28 bqbsunfout!ofbscz!b!ofjhicpsippe!qbsl-!boe!bo!beejujpobm!3&!jg!uif!ipnf!bmtp!ibe!b!wjfx!pg!uif!qbsl/! 29 Uiftf!sftvmut!joejdbuf!uibu!b!qvcmjd!qbsl!jo!uif!sjwfsgspou!tjuf!xjmm!foibodf!qspqfsuz!wbmvft/!Efwfmpqjoh! uif!qbsl!cfgpsf!qsjwbuf!efwfmpqnfou!cfhjot!xjmm!dsfbuf!ijhifs!bttfttfe!wbmvft!gps!uif!tusvduvsft!uibo!jg! uifz!xfsf!cvjmu!cfgpsf!uif!qbsl/!Uijt!xjmm!jodsfbtf!qspqfsuz!uby!sfwfovf!up!uif!Djuz!boe!puifs!bggfdufe! ubyjoh!ejtusjdut/! Enhance tourism and transient room tax revenues eftujobujpo!jo!b!qptjujwf!xbz/!Xijmf!tubgg!ep!opu!fyqfdu!uif!qbsl!xjmm!cf!b!upvsjtu!buusbdujpo-!ju!xjmm!foibodf! Tubejvn!boe!Ibzxbse!Gjfme!nblf!ju!bo!pcwjpvt!eftujobujpo!gps!wjtjupst!buufoejoh!buimfujd!fwfout/!Uif! jnqspwfe!bddftt!gps!bmm!usbotqpsubujpo!npeft!xjmm!fotvsf!uibu!uif!qbsl!xjmm!buusbdu!uif!wjtjupst!cfgpsf!boe! bgufs!uif!buimfujd!fwfout-!foibodjoh!uif!wjtjups!fyqfsjfodf/!Up!uif!efhsff!uibu!uif!Fvhfof!bsfb!jodsfbtft! jut!bqqfbm!bt!b!wjtjups!eftujobujpo-!uif!jodsfbtfe!wjtjups!tqfoejoh!xjmm!ibwf!b!qptjujwf!fdpopnjd!jnqbdu!po! uif!bsfb!bt!wjtjupst!qvsdibtf!bddpnnpebujpot-!foufsubjonfou-!gppe-!boe!njtdfmmbofpvt!qvsdibtft/! Jodsfbtfe!wjtjut!xjmm!jodsfbtf!ipufm!sfwfovf-!xijdi!xjmm!jo!uvso!zjfme!jodsfbtfe!sfwfovft!gspn!uif! 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Social Equity Bike Path Improve connectivity and access to riverfront and downtown core Uif!cjlf!qbui!xjmm!jnqspwf!dpoofdujwjuz!cfuxffo!uif!fyjtujoh!cjlf!qbui!tztufn!boe!uif!ofx!ipvtjoh!boe! dpnnfsdjbm!efwfmpqnfou!bu!uif!sjwfsgspou!tjuf!boe!uif!epxoupxo!dpsf/!Uif!jnqspwfe!dpoofdujwjuz!xjmm! mpxfs!uif!ujnf!sfrvjsfe!up!sfbdi!uif!ejggfsfou!mpdbujpot!po!cjlf!ps!gppu/!Uif!jnqspwfnfou!xjmm!foibodf! uif!fyqfsjfodf!pg!qfeftusjbot!boe!cjdzdmjtut!boe!sfevdf!uifjs!usbwfm!ujnf/!Uijt!xjmm!jodsfbtf!uif!mjlfmjippe! uibu!joejwjevbmt!xjmm!dipptf!up!nblf!usjqt!po!gppu!ps!cjdzdmf-!jotufbe!pg!vtjoh!b!dbs/! Increase opportunities to improve health Bo!jnqspwfe!cjlf!qbui!dpoofdujoh!uif!sjwfsgspou!tjuf!up!puifs!qbsut!pg!uif!dpnnvojuz!xjmm!jodsfbtf!uif! pqqpsuvojuz!gps!sftjefout!up!vtf!uif!cjlf!qbui!boe!jodsfbtf!uifjs!qiztjdbm!bdujwjuz/!Cz!efdsfbtjoh!uif!vtf! pg!bvupt!boe!jodsfbtjoh!uif!vtf!pg!cjdzdmft-!uif!jnqspwfe!cjlf!ofuxpsl!xjmm!ibwf!qptjujwf!jnqbdut!po! dpnnvojuz!ifbmui/! Qiztjdbm!jobdujwjuz!jt!b!xfmm.epdvnfoufe!sjtl!gbdups!gps!nboz!pg!uif!nptu!dpnnpo!ifbmui!qspcmfnt!gbdjoh! Bnfsjdbot-!jodmvejoh!pcftjuz-!ifbsu!ejtfbtf-!tusplf-!tpnf!dbodfst-!ejbcfuft!boe!efqsfttjpo/!Jo!b!sfqpsu! uibu!fybnjofe!cjdzdmf!qsphsbnt!po!gfefsbm!mboet-!uif!Gfefsbm!Ijhixbz!Benjojtusbujpo!sfqpsufe!uibu!ju!jt! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 17 Anderson, S.T. and S.E Regional Science and Urban Economics 36(2006): 773-789. 18 -Rise Residential V Land Use Policy 27 (2010): 662-670. Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 20 ftujnbufe!uibu!78&!pg!V/T/!bevmut!bhf!31!zfbst!boe!pwfs!bsf!pwfsxfjhiu!ps!pcftf!boe!cjdzdmjoh!dbo!cf!b! hppe!xbz!up!fohbhf!jo!sfhvmbs!qiztjdbm!bdujwjuz/! 2: Environmental Health Bike Path Increase energy and materials use during construction period Uif!dpotusvdujpo!pg!uif!cjlf!qbui!xjmm!dpotvnf!obuvsbm!sftpvsdft-!jodmvejoh!hsbwfm!boe!puifs!nbufsjbmt/! Uif!dpotusvdujpo!frvjqnfou!xjmm!hfofsbuf!hsffoipvtf!hbttft!boe!puifs!fnjttjpot/!! Decrease average miles driven, carbon emissions, and other auto-oriented pollutants Uif!cjlf!qbui!xjmm!jnqspwf!dpoofdujwjuz!boe!xjmm!jodsfbtf!uif!mjlfmjippe!uibu!joejwjevbmt!dipptf!up!nblf! usjqt!po!gppu!ps!cjdzdmf-!jotufbe!pg!vtjoh!b!dbs-!uifsfcz!sfevdjoh!uif!ovncfs!pg!njmft!esjwfo!cz!Fvhfof! sftjefout/!Uijt!xjmm!sftvmu!jo!mpxfs!qfs!dbqjub!dbscpo!fnjttjpot!boe!puifs!bvupnpcjmf!fnjttjpot! )jodmvejoh!dbscpo!npopyjef-!ojusphfo!pyjeft-!tvmgvs!pyjef-!boe!qbsujdvmbuf!nbuufs*/! 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Social Equity QZ Increase safety at railroad crossings Up!ftubcmjti!b!R\[-!sbjmspbe!dspttjoht!nvtu!ibwf!tvqqmfnfoubm!tbgfuz!nfbtvsft!)TTNt*/!Uif!TTNt!jodmvef! dpotusvdujoh!nfejbot-!jotubmmjoh!rvbe!hbuft-!ps!dpowfsujoh!tusffut!up!pof.xbz!usbggjdf!up!qsfdmvef! npupsjtut!gspn!foufsjoh!b!sbjm!dspttjoh!xifo!b!usbjo!jt!bcpvu!up!pddvqz!uif!dspttjoh/!Uif!tvqqmfnfoubm! tbgfuz!nfbtvsft!bu!uif!dspttjoht!xjmm!nbjoubjo!uif!tbgfuz!pg!uif!dspttjoh!xijmf!bmmpxjoh!uif!tjmfodjoh!pg! uif!spvujof!usbjo!ipsot/!! Improve access to riverfront site Sfdpotusvdujoh!uif!9!Bwfovf!dspttjoh!up!jnqspwf!uif!dpoofdujpo!pg!uif!Epxoupxo!Sjwfsgspou!tjuf!up!uif! ui fyjtujoh!tusffu!tztufn!xjmm!hsfbumz!jnqspwf!bddftt!up!uif!Xjmmbnfuuf!Sjwfs!boe!uif!qspqptfe!qvcmjd!qbsl/! Uif!sfdpotusvdufe!dspttjoh!xjmm!jodmvef!b!spvoebcpvu!uibu!xjmm!bmmpx!bddftt!up!cpui!uif!Epxoupxo! Sjwfsgspou!qspqfsuz!boe!uif!Vojwfstjuz!pg!Psfhpo!qspqfsuz!boe!xjmm!foibodf!uif!dpoofdujwjuz!pg!uif! sjwfsgspou!up!epxoupxo!gps!cjdzdmjtut!boe!qfeftusjbot/!!Uif!9!Bwfovf!dspttjoh!jt!pof!qbsu!pg!bo! ui fyqboefe!spbe!tztufn-!boe!ju!xjmm!dsfbuf!ofx!dpoofdujpo!up!uif!Sjwfs!jo!uif!vscbo!dpsf/!Bmm!nfncfst!pg! uif!dpnnvojuz!xjmm!fyqfsjfodf!jnqspwfe!bddftt!up!uif!xipmf!tjuf-!uif!ofx!qvcmjd!qbsl-!boe!uif!sjwfs/!!! Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 22 Diminish noise Jnqmfnfoujoh!b!R\[!xjmm!sfevdf!opjtf!mfwfmt!uispvhipvu!uif!dpnnvojuz/!!Uif!GSB!ibt!npefmfe!ipx!usbjo! ipso!tpvoe!ejttjqbuft!gspn!jut!tpvsdf/!Uif!npefm!tipxt!uibu!tqffdi!joufsgfsfodf!dbo!cfhjo!up!pddvs! bqqspyjnbufmz!8-111!gffu!)2/4!njmft*!gspn!uif!usbdl!xifo!uif!usbjo!ipso!jt!tpvoejoh/!Qfpqmf-!pvutjef!boe! dmptfs!uibo!2-611!gffu!gspn!uif!usbdl-!nbz!ibwf!up!tipvu!up!cf!ifbse/!! 33 Improve health Sfevdjoh!uif!opjtf!mfwfm!xjmm!qptjujwfmz!jnqbdu!joejwjevbmt!xip!xpsl!ps!mjwf!xjuijo!uif!jnqbdufe!bsfb/! Tpnf!fggfdut!jefoujgjfe!cz!sftfbsdift!jodmvef!efdsfbtfe!qfsgpsnbodf!po!dphojujwf!ubtlt-!ifbsjoh!mptt-! tqffdi!joufsgfsfodf-!boe!tmffq!ejtuvscbodf/!Sftfbsdi!ibt!bmtp!tipxo!uibu!ofhbujwf!dbsejpwbtdvmbs!fggfdut! bsf!bttpdjbufe!xjui!mpoh.ufsn!fyqptvsf!up!ebjmz!frvjwbmfou!tpvoe!mfwfmt!hsfbufs!uibo!76!eCB!boe! usbotqpsubujpo!opjtf!jt!cfmjfwfe!up!bddfmfsbuf!boe!joufotjgz!uif!efwfmpqnfou!pg!mbufou!nfoubm!ejtpsefst/! 34 Environmental Health QZ Increased energy and materials use during construction period Uif!dpotusvdujpo!pg!uif!jogsbtusvduvsf!xjmm!dpotvnf!obuvsbm!sftpvsdft-!jodmvejoh!dpodsfuf-!tuffm-!boe!puifs! nbufsjbmt/!Uif!dpotusvdujpo!frvjqnfou!xjmm!hfofsbuf!hsffoipvtf!hbttft!boe!puifs!fnjttjpot!xijmf!ju! pqfsbuft/!! Implement management of contaminated MGP site Uif!qmboofe!spvoebcpvu!up!uif!fbtu!pg!uif!9!Bwfovf!dspttjoh!jt!eftjhofe!up!mjf!po!upq!pg!b!ijhimz! ui sfefwfmpqnfou!tjuf!mboe!qvsdibtfe!cz!uif!Bhfodz/!Ju!xbt!podf!uif!tjuf!pg!b!nbovgbduvsfe!hbt!qmbou!)NHQ*! boe!uibu!joevtusjbm!bdujwjuz!mfgu!dpoubnjobujpo!jo!uif!tpjm/!EFR!ibt!bqqspwfe!b!nbobhfnfou!qmbo!gps!uif! tjuf!uibu!jowpmwft!dbqqjoh!uif!tpjm-!tp!uibu!uif!dpoubnjobujpo!epft!opu!njhsbuf!boe!ivnbot!boe!bojnbmt! bsf!opu!fyqptfe!up!ju/!Uif!spbe!jogsbtusvduvsf!uibu!nblft!vq!uif!spvoebcpvu!nbz!cf!dpotusvdufe!pwfs!uif! dbq/!Uif!tjuf!xjmm!cf!dbqqfe-!boe!jodpsqpsbujoh!ju!joup!uif!qmboofe!spbe!jogsbtusvduvsf!bmmpxt!ju!up!cfdpnf! ! Economic Prosperity QZ Create jobs and income during construction period Dpotusvdujoh!uif!dspttjoh!xjmm!hfofsbuf!tipsu.ufsn!kpct!boe!bttpdjbufe!jodpnf/!Vtjoh!bo!joqvu.pvuqvu! npefm!up!ftujnbuf!uif!ovncfs!pg!kpct!boe!jodpnf!jnqbdut!bttpdjbufe!xjui!dpotusvdujpo!fyqfoejuvsft-!Djuz! tubgg!gpvoe!uibu!uif!%4/8!njmmjpo!up!dpotusvdu!uif!Rvjfu!\[pof!jogsbtusvduvsf!xjmm!hfofsbuf!bcpvu!26!kpct! xjui!bo!bwfsbhf!boovbm!xbhf!pg!%72-111/!Uif!dpotusvdujpo!bdujwjuz!xjmm!ibwf!sjqqmf!fggfdut!uispvhipvu!uif! Mbof!Dpvouz!fdpopnz-!bqqspyjnbufmz!hfofsbujoh!bo!beejujpobm!31!kpct!xjui!bo!bwfsbhf!boovbm!xbhf!pg! %53-111/!Jo!upubm-!uif!Rvjfu!\[pof!dpotusvdujpo!xjmm!hfofsbuf!bcpvu!46!kpct!jo!Mbof!Dpvouz/! Provide essential access to riverfront site Sfdpotusvdujpo!pg!uif!9!Bwfovf!dspttjoh!tp!uibu!uif!Epxoupxo!Sjwfsgspou!tjuf!jt!dpoofdufe!up!uif! ui fyjtujoh!tusffu!tztufn!jt!fttfoujbm!up!uif!tvddftt!pg!uif!efwfmpqnfou!qspkfdu/!Xjuipvu!jnqspwfe!bddftt-!uif! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 22 APWA Reporter. September 2005. 23 Lee, Cynthia S.Y. and Gregg G. Fleming. General Health Effects of Transportation Noise. US Department of Transportation, Research and Special Programs Administration, John A. Volpe National Transportation Systems Center. June 2002. Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 23 tjuf!dboopu!cfdpnf!bo!joufhsbufe!qbsu!pg!uif!djuz!boe!jut!vscbo!dpsf!boe!efwfmpqnfou!pg!uif!gvmm!tjuf! dboopu!pddvs/! 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Njujhbujpo!dptut!nbz!cf!bo!jttvf!gps!puifs!efwfmpqnfou!uzqft-!jodmvejoh!nbslfu.sbuf!ipvtjoh!boe! dpnnfsdjbm!tusvduvsft/!Up!njujhbuf!uif!ijhi!mfwfm!pg!tpvoe-!uif!dpotusvdujpo!dptut!xjmm!jodsfbtf/!!Ju!jt!mjlfmz! uibu!sfout!jo!uif!Fvhfof!nbslfu!xjmm!opu!cf!bcmf!up!cf!ijhi!fopvhi!tp!uibu!uif!sfou!dpwfst!uif!ijhifs! dpotusvdujpo!dptut/!Uif!jodsfbtfe!dptut!pg!opjtf!njujhbujpo!xjmm!nblf!efwfmpqnfou!gjobodjbmmz!jogfbtjcmf/! Uif!mbdl!pg!ijhi.efdjcfm!usbjo!ipsot!xjmm!fmjnjobuf!offe!gps!ijhimz!tpvoe.sftjtubou!xjoepxt!boe!xbmmt-! uifsfcz!mpxfsjoh!dpotusvdujpot!dptut/! 5.5Enhanced Pedestrian Environment Uif!XEB!dpodfqu!qmbo!gps!sfefwfmpqnfou!jodmveft!bo!foibodfe!qfeftusjbo!fowjsponfou!uibu!dpoofdut! tjuf!uif!Epxoupxo!Sjwfsgspou!bsfb!up!6!Bwfovf!boe!9!Bwfovf/!Uif!tjefxbmlt!xjmm!jodmvef!foibodfe! uiui qfeftusjbo!gfbuvsft!boe!hsffo!jogsbtusvduvsf-!tp!uibu!uif!pwfsbmm!efwfmpqnfou!pggfst!b!ijhi!rvbmjuz!vscbo! fyqfsjfodf/!Wjbevdu!pqfo!tqbdf!jt!up!cf!efwfmpqfe!cz!XEB!bt!b!qvcmjd!bnfojuz!!qsjwbufmz!pxofe!cvu! pqfo!up!uif!qvcmjd/!!Uif!vmujnbuf!vtf!jt!opu!gjobmj{fe!cvu!tpnf!uzqf!pg!buimfujd!dpvsut!ps!b!eph!qbsl!ibwf! cffo!ejtdvttfe/! Social Equity Pedestrian Environment Enhance the public experience Uif!foibodfnfout!up!cbtjd!usbotqpsubujpo!jogsbtusvduvsf!xjmm!nblf!uif!bsfb!npsf!wjtvbmmz!bqqfbmjoh!boe! nblf!ju!b!eftjsbcmf!mpdbujpo/!Cfdbvtf!uif!tjefxbmlt-!spbet-!boe!tvsspvoejoh!mboetdbqjoh!bsf!jo!uif!pqfo-! bmm!nfncfst!pg!uif!dpnnvojuz!xjmm!fokpz!uif!ijhifs!rvbmjuz!jogsbtusvduvsf/!Jo!beejujpo-!uif!xjefs! tjefxbmlt!xjmm!nblf!ju!fbtjfs!up!obwjhbuf!uif!bsfb!gps!joejwjevbmt!xjui!jnqbjsfe!npcjmjuz/! Positive effect on health Uif!foibodfnfout!bsf!fyqfdufe!up!jodmvef!tnbmm!hsffotqbdft!xjui!obuvsbm!mboetdbqjoh/!Hsffotqbdf! qptjujwfmz!bggfdut!fnpujpobm!boe!qiztjdbm!xfmm.cfjoh/!Uifsf!jt!sftfbsdi!uibu!nfbtvsft!uif!dpssfmbujpo! cfuxffo!uif!sjtl!pg!ifbmui!qspcmfnt!up!mjwjoh!ofbs!hsffo!tqbdf-!boe!ju!ibt!tipxo!uibu!mjwjoh!dmptf!up! hsffotqbdf!mpxfst!uif!sjtl!pg!ifbsu!ejtfbtf-!ejbcfuft-!dispojd!ofdl!boe!cbdl!qbjo-!btuinb-!njhsbjoft-! efqsfttjpo!boe!boyjfuz/! 35 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 24 Journal of Epidemiology and Community Health 60 (2006): 587-592. Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 24 Environmental Health Pedestrian Environment Reduce and treat stormwater runoff Uif!mboetdbqjoh!uispvhipvu!uif!Epxoupxo!Sjwfsgspou!tjuf!xjmm!cf!eftjhofe!up!sfevdf!tupsnxbufs!svopgg! boe!gjmufs!svopgg!uispvhi!cjptxbmft/!Uiftf!tupsnxbufs!foibodfnfout!xjmm!sfevdf!uif!bnpvou!pg! jnqfswjpvt!tvsgbdf!po!uif!qspqfsuz!boe!sfqsftfou!qpufoujbm!tupsnxbufs!nbobhfnfou!dptu!tbwjoht!gps!uif! Djuz/!Uif!fyjtujoh!tjuf!ibt!b!upubm!pg!27/5!njmmjpo!hbmmpot!pg!tupsnxbufs!svopgg!boovbmmz-!boe!uif!hsffotqbdf! jo!dpncjobujpo!xjui!uif!qbsl!xjmm!sfevdf!svopgg!cz!bo!ftujnbufe!2:&!up!76&/!! Reduce energy consumption Usfft!jogmvfodf!uif!efnboe!gps!fofshz!bu!b!mpdbm!mfwfm-!qspwjejoh!ofbscz!tusvduvsft!tibef!jo!uif!tvnnfs! boe!b!cbssjfs!up!xjoe!jo!uif!xjoufs/!Cpui!fggfdut!dbo!sfevdf!fofshz!efnboe-!xijdi!jo!uvso!mpxfst!vujmjuz! dptut-!jnqspwft!bjs!rvbmjuz-!boe!dpousjcvuft!gfxfs!dbscpo!fnjttjpot!up!uif!bunptqifsf/!Uif!fggfdujwfoftt! pg!b!usff!up!sfevdf!fofshz!dpotvnqujpo!efqfoet!po!jut!qspyjnjuz!boe!qptjujpo!sfmbujwf!up!b!tusvduvsf/! Usfft!ofbscz!tusvduvsft!po!tpvui.gbdjoh!fyqptvsft!uzqjdbmmz!qspwjef!hsfbufs!mfwfmt!pg!cfofgjut!uibo!usfft! npsf!ejtubou!gspn!tusvduvsft-!ps!po!opsui.gbdjoh!fyqptvsft/!B!3118!sfqpsu!jo!Qpsumboe!gpvoe!uibu!bo! 36 bwfsbhf!tusffu!usff!jo!Qpsumboe!sfevdft!uif!efnboe!gps!fmfdusjdjuz!boe!obuvsbm!hbt-!qspwjejoh!qspqfsuz! pxofst!bcpvu!%4!jo!fofshz!tbwjoht!fbdi!zfbs/!! 37 Positive effect on air quality Uif!usfft!boe!puifs!wfhfubujpo!jo!uif!mboetdbqfe!bsfbt!xjmm!qptjujwfmz!dpousjcvuf!up!bjs!rvbmjuz!jo!uif! sfhjpo/!Usfft-!jo!qbsujdvmbs-!dbquvsf!hbtfpvt!bjs!qpmmvujpo!boe!qbsujdvmbuf!nbuufs/!Gps!fybnqmf-!b!3118! tuvez!pg!uif!wbmvf!pg!qbslt!jo!Qpsumboe!gpvoe!uibu!usfft!jo!qbslt!uispvhipvu!Qpsumboe!sfnpwf!po!bwfsbhf! 573-773!qpvoet!pg!bjs!qpmmvubout!boovbmmz-!qspwjejoh!cfofgjut!pg!npsf!uibo!%611-111!qfs!zfbs!jo!sfevdfe! ifbmuidbsf!dptut/! 38 Economic Prosperity Pedestrian Environment Enhance financial viability Uif!foibodfe!qvcmjd!jogsbtusvduvsf!xjmm!dsfbuf!b!tfotf!pg!qmbdf!uibu!nblft!uif!sjwfsgspou!tjuf!b!eftjsbcmf! mpdbujpo/!Uif!npsf!eftjsbcmf!uif!tjuf!cfdpnft-!uif!npsf!mjlfmz!uibu!uif!efwfmpqnfou!xjmm!cf!gjobodjbmmz! tvddfttgvm!boe!bdijfwf!gvmm!cvjmepvu/! 5.6Historic Preservation of Steam Plant Uif!Epxoupxo!Sjwfsgspou!tjuf!jodmveft!uif!gpsnfs!Tufbn!Qmbou-!bmuipvhi!ju!jt!opu!qbsu!pg!uif!XEB! sfefwfmpqnfou/!Bu!uijt!ujnf-!uif!VS!Bhfodz!jt!tffljoh!up!usbotgfs!pxofstijq!boe0ps!tjuf!dpouspm!up!b! qsjwbuf!qbsuz!uispvhi!b!qvcmjd!qspdftt/!Uif!Bhfodz!jttvfe!b!Sfrvftu!gps!Rvbmjgjdbujpot!jo!Nbz!3129!boe! ipqft!up!jefoujgz!b!qsjwbuf!qbsuz!xjmmjoh!up!sfqvsqptf!uif!tusvduvsf!joup!bo!bdujwf!vtf!uibu!dpnqmfnfout! uif!XEB!sfefwfmpqnfou!boe!Sjwfsgspou!Qbsl/!! Bu!uijt!ujnf-!op!qvcmjd!epmmbst!ibwf!cffo!dpnnjuufe!up!uif!Tufbn!Qmbou/!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 25 Tree-Energy and Buildings 34 (2002): 1067-1076. 26 27 Portland Parks and Recreation. 2007. Portlan Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 25 Social Equity Steam Plant Enhance cultural identity Bebqujwf!sfvtf!pg!uif!ijtupsjd!Tufbn!Qmbou!xjmm!/!Cvjmu! tusvduvsft!bsf!b!ubohjcmf!sfqsftfoubujpo!pg!ijtupsz!jo!b!qmbdf/!Cz!qsftfswjoh!uif!ijtupsjd!tusvduvsf-!uif! dpnnvojuz!jt!bcmf!up!tibsf!uif!tqbdft!jo!xijdi!fbsmjfs!hfofsbujpot!mjwfe!boe!xpslfe/!Pmefs!tusvduvsft!bsf! dvmuvsbm!jefoujuz/! Environmental Health Steam Plant Conserve existing resources Sftupsbujpo!boe!sfefwfmpqnfou!nbz!dpotvnf!mftt!fofshz!uibo!efnpmjujpo!boe!ofx!dpotusvdujpo-!boe! qsftfswbujpo!dpoujovft!up!vtf!uif!wbmvf!pg!qbtu!fofshz!jowftunfou/!Efnpmjujpo!boe!ofx!dpotusvdujpo!opu! pomz!dpotvnf!qsftfou.ebz!fofshz-!cvu!ofhbuft!boe!xbtuft!uif!qbtu!fofshz!jowftunfou!nbef!jo!b!cvjmejoh/!! Economic Prosperity Steam Plant Cost of rehabilitation may exceed economic value of the structures Uif!gvmm!dptu!pg!sfibcjmjubujoh!uif!Tufbn!Qmbou!jt!opu!lopxo/!Ju!jt!qpttjcmf-!ipxfwfs-!uibu!uif!dptu!pg! sfibcjmjubujpo!xjmm!fydffe!uif!fdpopnjd!wbmvf!pg!uif!tusvduvsft/!Uif!usvf!wbmvf!pg!sfibcjmjubujpo!jt!ipx!uif! dvmuvsbm!wbmvf!pg!uif!pmefs!tusvduvsft!foibodf!uif!pwfsbmm!Epxoupxo!Sjwfsgspou!tjuf!boe!ifmq!up!nblf!uif! qmbdf!b!vojrvf!qbsu!pg!uif!dpnnvojuz/!! 5.7Affordable Housing Jo!Fvhfof-!nboz!joejwjevbmt!boe!gbnjmjft!tusvhhmf!up!gjoe!ipvtjoh!uifz!dbo!bggpse/!Bqqspyjnbufmz!71&!pg! Fvhfof!ipvtfipmet!qbz!npsf!uibo!41&!pg!uifjs!jodpnf!po!ipvtjoh/!Uif!Djuz!pg!Fvhfof!xpslt!up!dsfbuf! 39 b!sbohf!pg!tubcmf-!tbgf-!boe!bggpsebcmf!ipvtjoh!pqqpsuvojujft!gps!bsfb!sftjefout/!Fvhfof!qsphsbnt!qspwjef! gjobodjbm!boe!sfhvmbupsz!jodfoujwft!gps!uif!efwfmpqnfou!pg!qfsnbofou-!usbotjujpobm!boe!fnfshfodz! ipvtjoh!efwfmpqfe!cz!qbsuofs!pshboj{bujpot/! Uif!XEB!dpodfqu!qmbo!jodmveft!b!tjuf!gps!bo!bggpsebcmf!ipvtjoh!efwfmpqnfou/!XEB!xjmm!opu!qvsdibtf!uibu! qpsujpo!pg!uif!tjuf-!jotufbe!uif!Bhfodz!xpvme!usbotgfs!uif!mboe!up!b!rvbmjgjfe!bggpsebcmf!ipvtjoh!efwfmpqfs/! Bu!uijt!ujnf-!uif!Bhfodz!ibt!opu!jefoujgjfe!fyqfdufe!dptut!gps!bggpsebcmf!ipvtjoh/!Qpufoujbm!gvoejoh! tpvsdft!jodmvef;! Gfefsbm!Mpx!Jodpnf!Ipvtjoh!Uby!Dsfejut! Tubuf!pg!Psfhpo!Uby!Dsfejut! Sjwfsgspou!Vscbo!Sfofxbm! IPNF!Jowftunfou!Qbsuofstijqt!Qsphsbn!gvoet! DECH!gvoet! Tztufn!Efwfmpqnfou!Dibshf!xbjwfst! Mpx!Jodpnf!Sfoubm!Ipvtjoh!Qspqfsuz!Uby!Fyfnqujpo!)MJSIQUF*! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 28 U.S. Census Bureau. American Community Survey, 2007-2011. Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 26 Social Equity Affordable Housing Increase location choices for low-income households Dvssfou!sftjefout!pg!bggpsebcmf!ipvtjoh!jo!uif!dpnnvojuz!ibwf!joejdbufe!uibu!uifz!ibwf!ejwfstf! qsfgfsfodft!bcpvu!ipvtjoh!mpdbujpot/!Bggpsebcmf!ipvtjoh!jo!uif!sjwfsgspou!tjuf!xjmm!dsfbuf!pqqpsuvojujft! 3: gps!mpx.jodpnf!ipvtfipmet!up!mjwf!xjuijo!xbmljoh!ejtubodf!up!uif!Xjmmbnfuuf!Sjwfs-!uif!epxoupxo!dpsf-! Mbof!Dpnnvojuz!Dpmmfhf-!boe!uif!Vojwfstjuz!pg!Psfhpo/!Uif!tjuf!xjmm!pggfs!qspyjnjuz!up!fnqmpznfou! dfoufst-!sfubjm!hppet!boe!tfswjdft-!wjfxt!pg!uif!sjwfs-!boe!sfdsfbujpobm!bdujwjujft!uibu!bsf!opu!dvssfoumz! bwbjmbcmf!jo!Fvhfof/!! Reduce dependency on automobiles Ipvtjoh!jo!uif!Epxoupxo!Sjwfsgspou!tjuf!xjmm!qspwjef!ipvtfipmet!uif!pqqpsuvojuz!up!mjwf!dmptf!up!uxp! nbkps!fnqmpznfou!dfoufst!boe!b!sbohf!pg!hppet-!tfswjdft-!fevdbujpobm-!sfdsfbujpobm-!boe!dvmuvsbm! pqqpsuvojujft/!Ipvtfipmet!mjwjoh!jo!fyjtujoh!bggpsebcmf!ipvtjoh!efwfmpqnfout!jo!uif!epxoupxo!dpsfuif! Bvspsb!boe!Xftu!Upxo!po!9sfmz!po!bvupnpcjmft!nvdi!mftt!uibo!ipvtfipmet!mjwjoh!jo!puifs!qbsut!pg!uif! ui dpnnvojuz/!Uxp.uijset!pg!dpnnvufst!mjwjoh!jo!epxoupxo!bggpsebcmf!ipvtjoh!qspkfdut!usbwfm!cz!cvt-!cjlf! ps!xbml-!b!tjhojgjdboumz!ijhifs!qpsujpo!uibo!31&!pg!bmm!dpnnvufst!jo!Fvhfof/!Qspyjnjuz!up!nbkps! 41 fnqmpznfou!dfoufst!boe!usbotju!ivct!jt!qbsujdvmbsmz!wbmvbcmf!up!mpx.jodpnf!ipvtfipmet/!Jg!uifz!dbo!hfu!up! xpsl!)boe!puifs!bdujwjujft*!xjuipvu!b!dbs-!uifz!nbz!dipptf!up!opu!pxo!b!dbs-!fmjnjobujoh!uif!dptu!pg!dbs! pxofstijq/! Reduce commute times Ipvtjoh!jo!uif!vscbo!dpsf!sfevdft!bwfsbhf!dpnnvuf!ujnft!gps!jut!sftjefout/!Bdsptt!Fvhfof-!31&!pg! dpnnvufst!ibwf!b!dpnnvuf!ujnf!pg!mftt!uibo!21!njovuft-!cvu!36&!pg!dpnnvufst!jo!fyjtujoh!epxoupxo! bggpsebcmf!qspkfdut!ibwf!b!dpnnvuf!ujnf!pg!mftt!uibo!21!njovuft/! 42 Provide access to goods and services Nboz!gpsnt!pg!gfefsbm!boe!tubuf!gvoejoh!gps!bggpsebcmf!ipvtjoh!sfrvjsf!bddftt!up!lfz!gbdjmjujft-!tvdi!bt!b! hspdfsz!tupsf/!Ofx!bggpsebcmf!ipvtjoh!po!uif!Sjwfsgspou!tjuf!xjmm!ibwf!dpowfojfou!bddftt!up!uif!gbsnfst! sfdsfbujpobm!qpttjcjmjujft!bu!uif!ofx!sjwfsgspou!qbsl-!boe!hppe!bddftt!up!uif!cjlf!qbui/!B!3125!tuvez! jojujbufe!cz!uif!Mbof!Mjwbcjmjuz!Dpotpsujvn!bttfttfe!uif!jttvft!pg!bddftt-!frvjuz-!boe!pqqpsuvojuz!pg! bggpsebcmf!ipvtjoh!sftjefout/!Uif!tuvez!gpvoe!uibu!nboz!bggpsebcmf!ipvtjoh!sftjefout!fyqfsjfodf!b!mbdl!pg! bddftt!up!ovusjujpvt!gppe!boe!tbgf!qmbdft!up!fyfsdjtf/!Ofx!bggpsebcmf!ipvtjoh!jo!uif!sjwfsgspou!tjuf!xjmm! 43 qspwjef!jodsfbtfe!pqqpsuvojuz!up!gps!jut!sftjefout!up!beesftt!uiptf!jttvft/!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 29 St. Vincent de Paul Society of Lane County, Inc., Housing and Community Services Agency of Lane County, and Metropolitan Affordable Housing Corporation. Assessment of Equity and Opportunity for Affordable Housing Residents. For Livability Lane. January 2014. 30 City of Eugene, Planning and Development Department. Sustainability and Affordable Housing. June 2007. To show the different impacts, staff used previously existing affordable developments in the City of Eugene. The two developments that most closely resemble the expected development in the riverfront site are the Aurora building (at 11 th Avenue and Oak) and West Town on 8 th (on 8 th Avenue between Charnelton and Lincoln). The Aurora building has the highest density, at 245 units per acre and West Town has 107 units per acre. To show the impacts, staff average the numbers that describe these two buildings. 31 City of Eugene, Planning and Development Department. Sustainability and Affordable Housing. June 2007. 32 St. Vincent de Paul Society of Lane County, Inc., Housing and Community Services Agency of Lane County, and Metropolitan Affordable Housing Corporation. Assessment of Equity and Opportunity for Affordable Housing Residents. For Livability Lane. January 2014. Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 27 Improved standard of living positively affects health Rvbmjuz!bggpsebcmf!ipvtjoh!dsfbuft!qptjujwf!ifbmui!pvudpnft!gps!nboz!sfbtpot/!Mpx!rvbmjuz!ipvtjoh!ibt! qspcmfnt!xijdi!ofhbujwfmz!bggfdu!ifbmui-!tvdi!bt!mfbe!qbjou-!npme!boe!njmefx-!dpdlspbdi!jogftubujpot-!boe! puifs!gbdupst/!Jo!beejujpo-!qpps!rvbmjuz!ipvtjoh!)boe!vodfsubjouz!sfhbsejoh!ipvtjoh!pqujpot*!dbo!jnqbdu! nfoubm!ifbmui!dpoejujpot/!Ijhi!ipvtjoh!dptut!dbo!mfbe!up!cvehfu!usbef.pggt!uibu!tipsudibohf!ifbmui!dbsf/! 44 Bggpsebcmf!ipvtjoh!bmtp!ifmqt!mpx.jodpnf!joejwjevbmt!ftdbqf!epnftujd!wjpmfodf/! 45 Environmental Health Affordable Housing Increase energy and materials use during construction period Uif!dpotusvdujpo!pg!ofx!cvjmejoht!xjmm!dpotvnf!obuvsbm!sftpvsdft-!tvdi!bt!xppe-!tuffm-!boe!puifs! nbufsjbmt/!Uif!dpotusvdujpo!frvjqnfou!xjmm!hfofsbuf!hsffoipvtf!hbttft!boe!puifs!fnjttjpot/!! Decrease average miles driven, carbon emissions, and other auto-oriented pollutants Bt!eftdsjcfe!jo!Tfdujpo!6/2!)jnqbdut!pg!uif!Pwfsbmm!Efwfmpqnfou!pg!uif!Tjuf*-!efotf-!njyfe.vtf! efwfmpqnfou!ofbs!uif!epxoupxo!boe!Vojwfstjuz!pg!Psfhpo!xjmm!jodsfbtf!ipvtjoh!pqqpsuvojujft!xjuijo! dmptf!qspyjnjuz!up!fnqmpznfou!boe!sfubjm!tfswjdft-!efdsfbtjoh!bwfsbhf!njmft!esjwfo!qfs!Fvhfof!sftjefou-! boe!bttpdjbufe!bvupnpcjmf!fnjttjpot!boe!dbscpo!gppuqsjou/!! 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Increase consumption spending Sfevdjoh!ipvtjoh!dptut!gps!mpx.jodpnf!ipvtfipmet!ejsfdumz!jodsfbtft!dpotvnqujpo!tqfoejoh!gps!uiptf! ipvtfipmet/!Uif!ipvtfipme!jodpnf!jt!tp!mpx!uibu!uifz!uzqjdbmmz!ep!opu!ejsfdu!uif!gvoet!joup!tbwjoht<!uif! tbwjoht!gspn!sfevdfe!ipvtjoh!dptut!bsf!jnnfejbufmz!tqfou!po!puifs!cbtjd!jufnt/!! Varying impact on property values Bdbefnjd!sftfbsdi!ibt!nfbtvsfe!uif!jnqbdu!ofx!bggpsebcmf!ipvtjoh!efwfmpqnfout!ibwf!po!wbmvft!pg! tvsspvoejoh!qspqfsuz-!cvu!uif!sftfbsdi!ibt!gpvoe!uibu!jnqbdut!ejggfs!bdsptt!qsphsbnt!boe!djsdvntubodft/! B!sfwjfx!pg!qsfwjpvt!tuvejft!gpvoe!uibu!bggpsebcmf!ipvtjoh!dbo!ibwf!b!ofhbujwf!fggfdu!po!ofbscz!qspqfsuz! wbmvft-!cvu!eftjho!boe!nbobhfnfou!pg!uif!bggpsebcmf!ipvtjoh!dbo!mjnju!uibu!jnqbdu/!Uif!fnqjsjdbm! 46 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 33 Journal of Planning Literature 21 (371). 2007. 34 Journal of Poverty Law and Policy. January-February 2005. 35 Planning Literature 20 (15). 2005. Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 28 fwjefodf!joejdbuft!uibu!gjwf!lfz!gbdupst!jogmvfodf!uif!fggfdu!bggpsebcmf!ipvtjoh!ibt!po!ofbscz!qspqfsuz! wbmvft/! 47 Uif!qiztjdbm!bqqfbsbodf!pg!bggpsebcmf!ipvtjoh!dbo!bggfdu!uif!bqqfbm!pg!b!dpnnvojuz/!Vobuusbdujwf! ps!volfnqu!cvjmejoht!nbz!ibsn!b!dpnnvojuz-!xijmf!buusbdujwf!boe!xfmm.nbjoubjofe!cvjmejoht! nbz!foibodf!b!dpnnvojuz/! Uif!efwfmpqnfou!pg!bggpsebcmf!ipvtjoh!nbz!tjhobm!up!efwfmpqfst!bo!bsfb!jt!wjbcmf!boe!buusbdu! beejujpobm!jowftunfou/!! Ofx!ipvtjoh!xjmm!mfbe!up!jodsfbtfe!qpqvmbujpo/!Bo!jodsfbtf!jo!qpqvmbujpo!dbo!nblf!mpdbm!tusffut! tbgfs!boe!qspnpuf!dpnnfsdjbm!bdujwjuz/! Bggpsebcmf!ipvtjoh!nbz!mfbe!up!b!npsf!tubcmf!qpqvmbujpo-!tjodf!sftjefout!pg!tvctjej{fe!ipvtjoh! ufoe!up!mjwf!jo!vojut!gps!mpohfs!qfsjpet!pg!ujnf/! Bggpsebcmf!ipvtjoh!pgufo!sfqmbdft!bcboepofe!cvjmejoht!ps!wbdbou!mput/!Uijt!dbo!nblf! ofjhicpsippet!tbgfs!boe!npsf!buusbdujwf/!Po!uif!puifs!iboe-!tvctjej{fe!ipvtjoh!dpvme!sfqmbdf!b! eftjsbcmf!vtf-!tvdi!bt!b!qbsl!ps!pqfo!tqbdf/! Uijt!sftfbsdi!joejdbuft!uibu!cz!dbsfgvmmz!tfmfdujoh!uif!mpdbujoh!boe!jodpsqpsbujoh!hppe!qspkfdu!eftjho-! bggpsebcmf!ipvtjoh!dbo!ibwf!b!qptjujwf!jnqbdu!po!ofbscz!qspqfsuz!wbmvft/!Uif!fyjtujoh!bggpsebcmf!qspkfdut! jo!epxoupxo!Fvhfof!ibwf!foibodfe!uif!pwfsbmm!wjbcjmjuz!pg!efwfmpqnfou!jo!epxoupxo/!Uif!qspkfdut!bsf! wjtvbmmz!bqqfbmjoh!boe!ibwf!cspvhiu!sftjefout!up!uif!bsfb/!Jg!uif!bggpsebcmf!ipvtjoh!efwfmpqnfou!jo!uif! Epxoupxo!Sjwfsgspou!tjuf!jt!tjnjmbs!jo!rvbmjuz!up!uif!sfdfou!epxoupxo!qspkfdut-!ju!tipvme!qptjujwfmz! jnqbdu!ofbscz!qspqfsuz!wbmvft/!! u !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 36 t of Subsidized -3. March. 2007. Cost-Benefit Analysis: Redeveloping the Downtown Riverfront Site - July 3, 2018 Page 29