Foothills District Predevelopment AgreementPredevelopment Agreement • October 7th, 2010
Contract Type FiledOctober 7th, 2010The Foothills District (“District”) is an approximately 120 acre area located just east of downtown Lake Oswego along the Willamette River (Exhibit B). Over the last several years, there have been a number of attempts to create a redevelopment plan for the DIstrict that reflects the City’s desire to see a more urban mixed-use development pattern emerge adjacent to Lake Oswego’s thriving downtown. Planning the District for future redevelopment at this time will inform the Lake Oswego to Portland Transit Project in which a streetcar alternative is currently being considered. Cost efficiencies in planning both at the same time could be significant. This Scope of Work will deliver a Framework Plan for the District that enjoys broad community support and provides a clear path to achieving a common vision for the area.