June 19, 2013
For more information contact Don Hamilton (503) 731-8265
The Oregon Transportation Commission today approved more than $2 million in Immediate Opportunity Funds for four projects in the Portland area. The projects include $259,000 to the city of Beaverton for Canyon Road between Hocken Avenue and 117th Avenue; $500,000 to Clackamas County for work on 120th Avenue; $250,000 to the city of Portland for work on the Interstate 205 and NE Killingsworth interchange; and $1 million to the city of Hillsboro to assist with the expansion of Intel’s Ronler Acres Campus.
The grant to the city of Beaverton contributes to a $10 million project that will upgrade Canyon Road by improving intersections and sidewalks to ADA standards, installing LED streetlights, a landscaped median, the addition of a pedestrian crossing, and tie-ins to a low stress, high-quality bike route in downtown.
The grant to the Clackamas County project will help develop the Clackamas County Industrial Opportunity site. The site is bordered by the Clackamas River, SE Wilde Road and SE Capps Road. The project will construct a new road extension at 120th with curbs and gutters, sidewalk on one side, lighting and utilities.
The grant to the city of Pportland will help construct the addition of a third metered ramp lane to the southbound freeway onramp at the I-205 and NE Killingsworth interchange.
The grant to the city of Hillsboro will aid in construction of needed transportation improvements associated with the expansion of Intel’s Ronler Acres campus. Improvements include a third southbound through lane on Cornelius Pass Road extending south from U.S. 26 to Cornell Road; southbound right turn lanes at Imbrie Drive, Evergreen Parkway and Ronler Drive; an enhanced southbound bicycle facility, modified traffic signals, and improvements to sidewalks and street lighting.
The Governor's Metro Regional Solutions Team was involved in vetting and providing staff support to many of these projects as part of its efforts to increase the supply of industrial land and provide economic development opportunities for Oregonians.
The purpose of the Immediate Opportunity Fund is to support primary economic development in Oregon through the construction and improvement of streets and roads. Access to this fund is discretionary and may only be used when other sources of financial support are unavailable or insufficient. IOF is not a replacement or substitute for other funding sources.
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