On July 24, 2012, the City Council adopted Ordinance 2598, approving the Lake Grove Village Center Urban Renewal Plan. The Plan establishes the urban renewal area and authorizes the use of urban renewal financing for two projects: Boones Ferry Road and parking. Both projects are consistent with the Lake Grove Village Center Plan that was adopted in 2008 after many years of community work to develop a vision and plan for a revitalized Lake Grove. The Village Center Plan identifies private development design goals and public projects to improve the Lake Grove area and stimulate private investment, including the two urban renewal projects and other investments in infrastructure and amenities.
Boones Ferry Road on Council Priority List. In November 2012, Lake Oswego voters approved a $5 million general obligation bond to fund a portion of the cost to improve Boones Ferry Road from Madrona to Oakridge/Reese. The project is on the City Council’s 2013 list of priorities, and work on the project is proceeding along several fronts:
- Survey Completed. In February, the City’s Engineering Department completed a survey of the project area that will help define the right-of-way needed to construct a new roadway with sidewalks, street furnishings, bike lanes, additional pedestrian crossings, a center median and improved accommodation of vehicle turns. In the coming months, staff will work with property owners to review the survey and the process for design development and mitigation of potential property impacts.
- $4 million STIP Grant Pending. The City is pursuing award of a $4 million Statewide Transportation Improvement Program grant. The Boones Ferry Road application has advanced to the second round of the grant award process, with final awards expected by January 2014. The Oregon Department of Transportation welcomes citizen comment on the pending applications. Email STIPEnhanceAppsRegion1@odot.state.or.us by June 30, 2013.