V.

Estimated Total Cost of Each Project and the Sources of Moneys to
Pay Such Costs
Table 6 shows the estimated total cost of each project known at the time of preparation of the Plan. The
sources of moneys to pay for these costs are from the projection of tax increment revenues in Section
VIII of this Report.
Table 6: Project Costs
Project Category
Years 1-5
Years 6-10
Years 11-15 Years 16-20 Years 21-25 Years 26-28 TOTAL
Strategic Partnerships
(Lincoln High School,
Multnomah County)
$3,100,000 $7,850,000 $9,500,000 $8,700,000 $3,000,000
$1,500,000 $33,650,000
Urban Innovation (Integrated
District Development, Energy
Efficiency/ Modernization)
675,000
3,200,000
500,000
1,000,000
6,550,000
825,000
12,750,000
Research & Technology
Commercialization
(Public/Private Research
Centers of Excellence, PSU
Classroom Research Facility
Expansion)
$400,000
2,500,000
2,500,000
1,100,000
3,500,000
2,500,000
12,500,000
Entrepreneurship (Startup
Accelerator Fund, Expansion
of the PSU School of Business
2,100,000
1,750,000
600,000
1,750,000
3,500,000
2,500,000
12,200,000
Cluster Development (Target
Industry Recruitment &
Expansion Fund, Small
Business/Real Estate
Programs)
1,000,000
1,750,000
1,500,000
4,000,000
6,500,000
4,500,000
19,250,000
Housing Set-Aside
3,800,000
8,200,000
7,500,000
9,100,000 11,850,000
6,000,000
46,450,000
Bond Issuance Costs, Direct
Staffing and Overhead
2,100,000
5,800,000
5,200,000
7,500,000
6,200,000
5,400,000
32,200,000
TOTAL
$ 13,175,000 $31,050,000 $27,300,000 $33,150,000 $41,100,000 $23,225,000 $169,000,000

Report Accompanying the Education Urban Renewal Plan

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