Urban Renewal Agency
The Urban Renewal Agency was formed to redevelop underutilized and blighted areas in Sherwood, including Old Town. While a separate and distinct agency was formed according to Oregon statute, the governing board consists of the same group of people as the Sherwood City Council. This is common among URAs throughout Oregon. The agency and its activities are funded by tax increment financing.
For more information on urban renewal areas, check out this video! URA 101
The City currently has one active Urban Renewal Areas (URA):
2000 URA
2021 URA