The TIGER Grant
A federal TIGER grant of $23,203,988 has been awarded to enhance transportation connections in Portland’s Innovation Quadrant. Portland's unique application faced incredible competition; a total of 14,000 applications worth more than $60 billion contended for the $1.5 billion in federal grant money awarded across the country. » Press release (PDF)
The City of Portland Bureau of Transportation (PBOT) and TriMet seek $44.5 million in TIGER Grant funds to complete the funding package for a $77.6 million project that will rebuild three roadways and related transitways in Portland, Oregon's urban core. The project is located in Multnomah County on the borders of the 1st and 3rd Congressional Districts, and local funds will match the grant by $30.7 million and leverage an additional $2.4 million of previously allocated federal funding for a total of 43% of project costs. The project combines roadway reconstruction and transit improvements to enhance multimodal transportation connections and maximize sustainable economic activity in the city core.
The TIGER Project will realign a section of streetcar track and a station off SW 4th and 5th avenues downtown and incorporate a new station into the center of a planned high-density development; rebuild SW Moody Avenue; and realign and rebuild a portion of SE Water Avenue in Southeast Portland. All portions of the project are within the Central City and work to achieve a shared objective - to support the development and vitality of Portland's Innovation Quadrant. This quadrant is an essential element of the city’s Economic Development Strategy, which is a five-year plan for promoting job creation and economic growth recently adopted by Portland City Council.
The TIGER Project will generate key long-term benefits that leverage federal investment by enhancing transportation capacity, connections and access, which will promote environmental protection and support regional economic drivers:
- The project will result in a balanced transportation system
in and around Portland's Innovation Quadrant with increased
road and transit capacity and an expanded bikeway
network to enhance access and mobility for all users.
- The TIGER Project will spur the city's forward economic
momentum, as it lays the foundation for the development of
28 acres of key inner city parcels. These parcels are strategically
located at the geographic intersection of the region’s
economic engines and will support more than 9,000 longterm
high-wage jobs that are not expected to locate elsewhere
in the region.
- The project is part of a larger effort that facilitates the
completion of the Portland Streetcar Close the Loop project,
the Portland-Milwaukie Light Rail alignment and associated
Willamette River bridge crossing, which promote the
use of alternative transportation and help to foster energy
- By providing needed infrastructure, moving roadways out
of the center of prime development parcels and providing
enhanced transit access, the project encourages redevelopment
of under-utilized brownfield sites in the inner city.
- Central City employees and residents drive 36% fewer miles than the regional average. Improving opportunities for job growth in the inner city will reduce the demand for additional infrastructure spending, reduce transportation costs for Portland residents, and reinforce regional efforts in land use and climate action. Locating jobs and households within the Central City’s Innovation Quadrant is associated with a 29% carbon footprint reduction over alternative locations within the metro region.
The total project cost is $77.6 million. Approximately $33 million or 43% of the funding necessary to construct these critical projects has been identified through a mixture of local, state and federal funds from both public and private sources. With local resources struggling to maintain service levels and reduce maintenance backlogs, this amount is a large local commitment and no additional funds are available. » Read more...
Job Creation and Carbon Savings
Construction of the $77 million TIGER Project is expected to generate an estimated 640 immediate full time employee (FTE) construction jobs in the Portland region. Total payroll associated with construction jobs alone is more than $33 million, with a total economic impact (direct and indirect payroll) of more than $56 million over the duration of project’s construction. Project design jobs would begin immediately upon grant award with construction jobs commencing by the third quarter of 2010.
In addition to short-term construction jobs, the TIGER Project will facilitate
long-term job creation by unlocking parcels for development by placebound
institutions (OHSU, PSU, OMSI and Portland Opera) that will not invest
elsewhere in the region. The estimated long-term job capacity of the 28 acres
of parcels reliant upon TIGER Project completion is more than 9,200 jobs.
These include traded sector jobs developing innovations in health and life sciences and fueling alternative energy research
and generation (such as U.S. headquarters for the multinational energy companies Vestas and ReVolt). » Read more...