City looks at seeking Metro money for town center, corridor location study

The Sherwood Gazette, Dec 28, 2009, Updated Dec 30, 2009

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Sherwood is among public agencies in 12 different cities within the Portland metropolitan area that might receive a slice of more than $3.5 million in grant dollars available to fund their visions for making land within the urban growth boundary ready for development.

The city has sent a letter of intent to the regional government asking about Metro’s construction excise tax (CET) planning grants program for the Sherwood Town Center and corridor plan.

The city is interested in possibly pursuing a grant to evaluate the existing town center boundary and corridor locations and create an economic development, land use and transpiration strategy in order to enhance the distinctive character and economic viability of the community. Sherwood’s Town Center is generally identified as bounded at the intersection of Highway 99W and Roy Rogers Road, and Sherwood Boulevard and Highway 99 W along with the Old Town area.

In the past, Metro has given Sherwood CET funds for land use projects that have included Area 59 (where Laurel Ridge and Edy Ridge schools are located), Areas 54 and 55 (located along Brookman Road) and Area 48 (also known as the Tonquin Employment Area, which includes approximately 300 acres of land on the southwest corner of the intersection of Tualatin-Sherwood Road and 124th Avenue). Plans are to extend 124th Avenue south from Tualatin-Sherwood Road, punching it through to Tonquin Road.

Metro has received letters of intent for 26 separate projects that support the development of sustainable, vibrant communities, safe and walkable neighborhoods, and local jobs.

Using revenues from the CET, the Metro Council is encouraging good planning that readies land for development, removes barriers to private investment in development and enhances the livability of the region.

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