In 2007, the Department of State Lands adopted the Stevens Road Tract Conceptual Master Plan for the 640-acre property located in southeast Bend, at the intersection of 27th Ave. and Stevens Road. The property is an asset of the Common School Fund. The conceptual master plan demonstrates this property’s ability to meet the City of Bend’s standards for a mixed-use urbanized neighborhood, and includes commercial, industrial, open-space and residential areas.
In 2016, 320 acres of the Stevens Road Tract were brought into the City of Bend’s urban growth boundary as part of an expansion of the UGB. The western half is now eligible for annexation into the city. The eastern half, remaining outside the UGB and pending approval from Deschutes County, is rezoned for multi-use agricultural purposes, a more appropriate zoning designation for property adjacent to developing or urbanized land.
At their public meeting on Oct. 17, 2017, the State Land Board approved the Department of State Lands’ recommendation to begin due diligence work to determine the property’s value, and to analyze it for potential sale.
Several factors are influencing the State Land Board’s decision to explore the sale of the Stevens Road tract: 1) expansion of the City of Bend UGB was delayed for several years, creating a current deficit in developable land in the Central Oregon region; 2) the real estate market has sufficiently rebounded since 2008, and real estate development is strong again in Central Oregon; 3) the development potential of the Stevens Road Tract is generating interest and inquiries from public and private entities in the region; and 4) as an asset of the Common School Fund, the Stevens Road Tract represents a significant investment opportunity to generate revenue for the fund, and place much-needed developable land into the hands of the private sector and local community.
Oct. 17 Land Board agenda item