La Grande Urban Renewal Agency's fiscal year report reveals details of five local renovation projects

17 Feb 2022

LA GRANDE — The La Grande Urban Renewal Agency recently released its annual fiscal year report, covering spending from July 2020 through June 2021.

The report detailed the agency’s spending as well as five projects that were undertaken in the downtown area. Founded in 1999, the Urban Renewal Agency has $9,407,121 remaining indebtedness out of its original $21,992,525 allocation.

“In terms of the 2021 year, that was completely a COVID-impacted year for economic development and the agency,” La Grande City Manager Robert Strope said.

The Urban Renewal area encompasses 526 acres in La Grande, which is roughly 20% of the city’s acreage. According to the 2020-21 fiscal report, the Urban Renewal area’s frozen base assessed value was $112,609,450 — the total assessed value was measured at $169,054,932.

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