The Gateway That Deserves to Open

Portland, ORLocal News

The recent closure of Fred Meyer in Gateway, East Portland, has sparked worries about the area’s economic future and investment prospects. This store served as a key anchor for the community, providing essential goods and services. Its closure complicates financing plans for upcoming developments, particularly a planned 5-acre project intended to include affordable housing. The Gateway TIF district, which was extended to unlock $60 million for investment, has faced criticism for slow progress and inadequate infrastructure development. Local leaders are actively seeking community input to establish a vision for Gateway that prioritizes affordable housing and public space activation.

The ongoing struggles of big-box retailers, coupled with economic pressures, highlight the need for a community-driven approach to redevelopment. Residents are urged to participate in discussions to ensure their voices shape the future of Gateway. The 2024 Gateway Action Plan outlines a roadmap for achieving these community goals.

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