Earlier this year, the Oregon Lottery, in partnership with Business Oregon, sent a video production team to our quaint river city to help tell the redevelopment story about Independence Landing, formerly known as the Valley Concrete site.
Oregon Lottery dollars helped prep the site—foundational work like removing asbestos and building streets and utilities. Additional grants were awarded to help develop the riverfront facilities. Over $4 million in lottery funds have been provided in bonds and grants through Business Oregon to help with development and construction—not to mention another $415,000 lottery grant through Oregon Parks & Recreation to develop the scenic riverfront park portion of the project.
In addition to providing much needed additional housing, the project is paying off in other ways; it’s predicted that Independence Landing will spur between $3.5 million and $4 million worth of visitor spending each year, along with $2.5 million in yearly spending by residents. It’s also expected to create between 40 and 65 construction jobs a year, along with as many as 30 jobs at the hotel—a big project that, thanks in part to lottery dollars, is truly a win-win for Independence residents, present and future.
To learn more and to watch the video, click here: https://www.oregonlottery.org/programs/econ-growth-independence/