Report: Industrial park will support 3,500 jobs
The once-toxic site of the Reynolds aluminum plant will support 3,500 jobs and generate $46 million in annual tax revenue when fully redeveloped, according to a new report from the Environmental Protection Agency.
The 700-acre Troutdale Reynolds Industrial Park (TRIP) already supports 1,100 employees at a FedEx Ground distribution center, where the average workers pay is $43,212 a year. Most of those paychecks are cashed here, and contribute as much as $47.5 million to the local economy.
We want to give industrial users efficient, fast access to markets, said Melanie Mesaros, a spokeswoman for the Port of Portland, which owns the property. We are trying to enhance the whole regions economy.
The Port, which also operates the adjacent Troutdale Airport, said it expects at least a decade to pass before the site is fully transformed. In the meantime, the Port sees TRIP as a case study in how to turn a polluted and unprofitable location, which the Port purchased for just 17.25 million, into a set of properties valued at $145 million.
Part of that success story involves everyone working together.
The Port plans to invest a total of $57 million in the property over a 16-year period, while local and state governments have spent $27 million improving the Interstate 84 interchange and adding upgrades to Graham, Swigert and Sundial roads.
Metro regional government has contributed $8 million for road building, while the city of Troutdale has forked over $1.1 million.
A lot of good people in Troutdale have spent a lot of time over the years working hard to make this dream a reality, Troutdale City Councilor John Wilson said in an email statement. Creating good local living wage jobs in our community has to be our top priority.
Reporter Quinton Smith contributed to this article.