Industrial land - not enough supply in the pipeline

 

Troy Gagliano April LUH Meeting   Portland General Electric's (PGE) Troy Gagliano and the Port of Portland's Lise Glancy presented an industrial lands update for the Land Use & Housing Committee this week.
   The presentation showed the Portland metro region is scarcely short on available industrial land.
   Gagliano said PGE has been keeping tabs on the availability of such properties, and said it's obvious land is being sold off without any stock behind it.
   Available industrial land is broken into one of three tiers with tier 1 being the most "shovel ready."
   The Portland metro region currently has 10 properties available in tier 1, but none are 100+ acre parcels.
   In total, there are 267 acres of tier 1 properties available in PGE's service territory, but 175 of those acres are located near Estacada or Molalla, according to Gagliano.
   Glancy spoke about the need for aggregation and said the region currently has no tool or program for it.
   She said enterprise zones (a tax abatement program) are one of the tools that help attract businesses here.
   Most companies are looking for land where shovels can be in the ground within six months.

   Unfortunately, the tier 1 and 2 properties aren't as attractive, as it takes seven to 30+ months for these parcels to be development ready.
   To see Gagliano and Glancy's PowerPoint presentation, click here.