Building on the success of the largest brownfield redevelopment project in state history, the Port of Portland is proceeding with development of the second phase of Troutdale Reynolds Industrial Park.
Responding to the need for large parcels of industrial land to enhance employment and economic development in the region, the development will bring nine new lots to market on 180 acres located along Swigert Way and Sundial Road. Investments will also be made to support transportation infrastructure improvements.
“This is exciting news for Troutdale and east Multnomah County – proving that there are opportunities for industrial expansion, even in this economic climate,” said Troutdale Mayor Jim Kight. “Troutdale Reynolds Industrial Park is a growing job center, providing construction and long term jobs at a time when we need them the most.”
Once fully completed, the three phase, multiyear development is expected to yield an estimated 3,500 new jobs, $141 million in personal income and $46 million in state and local taxes. Just last year, the $129 million, 441,000 square foot FedEx Ground regional distribution hub began operations on a 78-acre lot in 2010, supporting 800 jobs.
Learn more in the Port’s online newsroom.