Commission approves urban renewal grants
- Mara Stine
- Gresham Outlook - News
Apartment complex, tissue bank get funds
Gresham urban renewal officials approved two grants to improve an apartment complex and help create jobs during a Tuesday, Aug. 16, Gresham Redevelopment Commission meeting.
The commission awarded a $30,000 apartment rehabilitation grant to the 55-unit Greenwood Village Apartments, at 10 N.E. 162nd Ave., for exterior and safety related improvements. Those include replacing a fence around a pool and along 162nd Avenue, upgrading the landscaping, adding lighting and security cameras, replacing decks, new paint, adding a slip-resistant surface around the pool and painting fire lanes and parking strips,
Grant payments, ranging from $5,000 to $30,000, are paid on a reimbursement basis after the work is completed and only fund half of eligible project costs.
Urban renewal officials also approved a new industries grant for $100,000 to J and D Property Holdings to construct a 25,000-square-foot facility that would be leased to MedCure at 18111 N.E. Sandy Blvd.
MedCure is a non-transplant, whole body tissue bank founded in 2005, now located on Airport Way in Portland. The new facility would replace its Portland one and will house MedCure's corporate headquarters, a surgical training center and an operation that will collect and process anatomical specimens for medical research.
In addition to connecting donors to medical research and educational institutions, the facility also would hold training and educational events.
The $5.38 million project would add 23 full-time jobs with an average salary of $55,435, nine full-time secretarial jobs earning an average of $35,000 a year and three part-time drivers making $12.50 an hour.
New industries grants are intended to encourage industrial companies to make capital investments and create quality jobs in the Rockwood-West Gresham Urban Renewal Area.