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City of Lake Oswego Downtown

North Anchor Project

Project Background/Summary

Consistent with the 2004 East End Redevelopment Plan, the Lake Oswego Redevelopment Agency (LORA) is planning a mixed use project on the north side of B Avenue at First Street.

The LORA Board was presented with initial studies analyzing the feasibility of a library-based mixed use redevelopment in October 2010, and reviewed additional project concepts and updated analysis in March 2011. The Board then authorized staff to proceed with the next phase of planning, and in May 2011, approved an acquisition plan and authorized staff to initiate property acquisition and proceed with more detailed planning.  As of summer 2012, LORA has acquired three properties; 500 First Street, 525 First Street, and 39-41 B Avenue.

In November 2012, Lake Oswego voters rejected a $14 million library bond measure. In April 2013, the LORA Board directed staff to prepare a Request for Qualifications to select a developer for a mixed-use project that would not include a library component.

Feasibility study reports and additional related documents can be reviewed in the materials listed below.

Updates

Beginning 2015, LORA will begin pursuing redevelopment of the North Anchor properties, starting with a community leadership forum in January to determine what the community would like to see developed on the site.

City of Lake Oswego Oregon Official Website
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ID

RA

Type

Redevelopment Agency Projects

Contact Us

Sidaro Sin, 503-697-7421

Status

Active