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Washington prepares to authorize toll-backed debt for I-5 bridge project — but raises limit by $900M
Washington prepares to authorize toll-backed debt for I-5 bridge project — but raises limit by $900M
Washington prepares to authorize toll-backed debt for I-5 bridge project — but raises limit by $900M

Published on: 04/17/2025

This news was posted by Oregon Today News

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I-5 bridge tolling is expected to bring in $1.1-1.6 billion, and the original legislation would've authorized up to $1.6 billion in debt. Now? Up to $2.5 billion.

News Source : https://www.kgw.com/article/news/local/the-story/washington-bill-raise-toll-debt-limit-i5-bridge/283-9c147f44-375f-47d7-b462-a7b6176b6459

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MAYOR'S MESSAGE The City is thrilled to issue a joint Press Release (see following) with Coos County and Compass Communities Englewood LLC regarding the housing development at the Englewood School site. This site and ultimate outcomes are exactly what collaboration looks and feels like: multiple parties coming together with no direct individual benefit, rather benefit for the greater good of the community. The Englewood School was an asset to the Coos Bay community, serving students and their families for many years, before student populations resulted in realigning school facilities to students served and taking the School out of service, selling it to a private owner. Several years later, the School was destroyed by a fire and following that, was never maintained and became a public dumping ground, degrading both the property and neighborhood. The first part of this long collaborative journey began by Coos County foreclosing the property for unpaid property taxes, providing for ownership transfer to the County and opening the door for redevelopment. The County began coordination originally with the City of Coos Bay and Oregon Coast Community Action (ORCCA) for a plan to move this property from the poor state it was in, to fully developed, with multifamily subsidized housing and a head start facility. The City of Coos Bay was able to access funds to clean up the site, helping to safeguard the property and reduce environmental impacts, pending development work by ORCCA. When ORCCA went through some organizational shifts, the County and City worked together to find a new development partner in NW Housing Alternatives. For several years, NW Housing Alternatives (NHA) attempted to obtain funding to support a multifamily subsidized housing development but without success. NHA began discussions with the City recently, wanting to get housing built sooner, but struggling to get funding and offering a solution to engage a different developer with a different funding strategy. This transition brought Compass Communities Englewood into the collaboration. And with that shift, things have moved quickly since their initial introduction in May of 2025. This week, at the Planning Commission meeting, their land use application was approved. Over the last several months, teams from Coos County, City of Coos Bay, and Compass Communities have been working diligently to align efforts to get this project some strong momentum and closer to the finish line, all with the same collaboration focus – each party is willing to give something for the greater good of the Coos Bay community. This kind of collaboration is easy and comfortable for all parties, and results in immediate action, getting us closer to the end goal – housing. We expect to have 30 single-family homes, ownership model, built and inhabited by this time next year. I am thankful for the strong support and teamwork each organization involved in the Englewood Project has put forth. It is projects like this that showcase what a great community we have and how working together with trusted partners can result in something bigger than we each could complete alone. -Joe Benetti, Mayor of Coos Bay
MAYOR'S MESSAGE The City is thrilled to issue a joint Press Release (see following) with Coos County and Compass Communities Englewood LLC regarding the housing development at the Englewood School site. This site and ultimate outcomes are exactly what collaboration looks and feels like: multiple parties coming together with no direct individual benefit, rather benefit for the greater good of the community. The Englewood School was an asset to the Coos Bay community, serving students and their families for many years, before student populations resulted in realigning school facilities to students served and taking the School out of service, selling it to a private owner. Several years later, the School was destroyed by a fire and following that, was never maintained and became a public dumping ground, degrading both the property and neighborhood. The first part of this long collaborative journey began by Coos County foreclosing the property for unpaid property taxes, providing for ownership transfer to the County and opening the door for redevelopment. The County began coordination originally with the City of Coos Bay and Oregon Coast Community Action (ORCCA) for a plan to move this property from the poor state it was in, to fully developed, with multifamily subsidized housing and a head start facility. The City of Coos Bay was able to access funds to clean up the site, helping to safeguard the property and reduce environmental impacts, pending development work by ORCCA. When ORCCA went through some organizational shifts, the County and City worked together to find a new development partner in NW Housing Alternatives. For several years, NW Housing Alternatives (NHA) attempted to obtain funding to support a multifamily subsidized housing development but without success. NHA began discussions with the City recently, wanting to get housing built sooner, but struggling to get funding and offering a solution to engage a different developer with a different funding strategy. This transition brought Compass Communities Englewood into the collaboration. And with that shift, things have moved quickly since their initial introduction in May of 2025. This week, at the Planning Commission meeting, their land use application was approved. Over the last several months, teams from Coos County, City of Coos Bay, and Compass Communities have been working diligently to align efforts to get this project some strong momentum and closer to the finish line, all with the same collaboration focus – each party is willing to give something for the greater good of the Coos Bay community. This kind of collaboration is easy and comfortable for all parties, and results in immediate action, getting us closer to the end goal – housing. We expect to have 30 single-family homes, ownership model, built and inhabited by this time next year. I am thankful for the strong support and teamwork each organization involved in the Englewood Project has put forth. It is projects like this that showcase what a great community we have and how working together with trusted partners can result in something bigger than we each could complete alone. -Joe Benetti, Mayor of Coos Bay
MAYOR'S MESSAGE The City is thrilled to issue a joint Press Release (see following) with Coos County and Compass Communities Englewood LLC regarding the housing development at the Englewood School site. This site and ultimate outcomes are exactly what collaboration looks and feels like: multiple parties coming together with no direct individual benefit, rather benefit for the greater good of the community. The Englewood School was an asset to the Coos Bay community, serving students and their families for many years, before student populations resulted in realigning school facilities to students served and taking the School out of service, selling it to a private owner. Several years later, the School was destroyed by a fire and following that, was never maintained and became a public dumping ground, degrading both the property and neighborhood. The first part of this long collaborative journey began by Coos County foreclosing the property for unpaid property taxes, providing for ownership transfer to the County and opening the door for redevelopment. The County began coordination originally with the City of Coos Bay and Oregon Coast Community Action (ORCCA) for a plan to move this property from the poor state it was in, to fully developed, with multifamily subsidized housing and a head start facility. The City of Coos Bay was able to access funds to clean up the site, helping to safeguard the property and reduce environmental impacts, pending development work by ORCCA. When ORCCA went through some organizational shifts, the County and City worked together to find a new development partner in NW Housing Alternatives. For several years, NW Housing Alternatives (NHA) attempted to obtain funding to support a multifamily subsidized housing development but without success. NHA began discussions with the City recently, wanting to get housing built sooner, but struggling to get funding and offering a solution to engage a different developer with a different funding strategy. This transition brought Compass Communities Englewood into the collaboration. And with that shift, things have moved quickly since their initial introduction in May of 2025. This week, at the Planning Commission meeting, their land use application was approved. Over the last several months, teams from Coos County, City of Coos Bay, and Compass Communities have been working diligently to align efforts to get this project some strong momentum and closer to the finish line, all with the same collaboration focus – each party is willing to give something for the greater good of the Coos Bay community. This kind of collaboration is easy and comfortable for all parties, and results in immediate action, getting us closer to the end goal – housing. We expect to have 30 single-family homes, ownership model, built and inhabited by this time next year. I am thankful for the strong support and teamwork each organization involved in the Englewood Project has put forth. It is projects like this that showcase what a great community we have and how working together with trusted partners can result in something bigger than we each could complete alone. -Joe Benetti, Mayor of Coos Bay

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MAYORS MESSAGE The City is thrilled to issue a joint Press Release see following with Coo...

PRESS RELEASE Redeveloped Englewood School Site – 30 New Homes Boost Workforce Housing Historic School Site Offers Vibrant New Neighborhood, Homeownership Opportunities Coos Bay, OR — Coos County, the City of Coos Bay, and Oregon developer Compass Communities Englewood LLC have announced a new residential infill development on the former Englewood School site. The project will deliver 30 new homes designed to provide homeownership opportunities for individuals and families in the Coos Bay area. The Coos Bay planning commission reviewed initial plans at its December 9 meeting; the planning commission now sends its recommendations to the City Council for a final decision in January. The newly planned neighborhood will feature a mix of single-family homes, duplexes, and townhomes. All homes will be built on-site and are intended to be occupied by homeowners. The homes will range from approximately 1000 SF (2 bedrooms, 1.5 baths) to 1400 SF (three bedrooms, two baths), market-priced between $225,000 and $325,000. Construction is scheduled to begin in early 2026, with the first homes available by next summer. Preferences for the new homes will be given to local workers and employers at prices that are attainable to local workers, seniors, veterans, and their families. This redevelopment will revitalize a historic site that has been empty since the Englewood School was destroyed by fire in 2014. After the fire, Coos County and the City of Coos Bay cleaned the demolished site with support from the State of Oregon.
PRESS RELEASE Redeveloped Englewood School Site – 30 New Homes Boost Workforce Housing Historic School Site Offers Vibrant New Neighborhood, Homeownership Opportunities Coos Bay, OR — Coos County, the City of Coos Bay, and Oregon developer Compass Communities Englewood LLC have announced a new residential infill development on the former Englewood School site. The project will deliver 30 new homes designed to provide homeownership opportunities for individuals and families in the Coos Bay area. The Coos Bay planning commission reviewed initial plans at its December 9 meeting; the planning commission now sends its recommendations to the City Council for a final decision in January. The newly planned neighborhood will feature a mix of single-family homes, duplexes, and townhomes. All homes will be built on-site and are intended to be occupied by homeowners. The homes will range from approximately 1000 SF (2 bedrooms, 1.5 baths) to 1400 SF (three bedrooms, two baths), market-priced between $225,000 and $325,000. Construction is scheduled to begin in early 2026, with the first homes available by next summer. Preferences for the new homes will be given to local workers and employers at prices that are attainable to local workers, seniors, veterans, and their families. This redevelopment will revitalize a historic site that has been empty since the Englewood School was destroyed by fire in 2014. After the fire, Coos County and the City of Coos Bay cleaned the demolished site with support from the State of Oregon.
PRESS RELEASE Redeveloped Englewood School Site – 30 New Homes Boost Workforce Housing Historic School Site Offers Vibrant New Neighborhood, Homeownership Opportunities Coos Bay, OR — Coos County, the City of Coos Bay, and Oregon developer Compass Communities Englewood LLC have announced a new residential infill development on the former Englewood School site. The project will deliver 30 new homes designed to provide homeownership opportunities for individuals and families in the Coos Bay area. The Coos Bay planning commission reviewed initial plans at its December 9 meeting; the planning commission now sends its recommendations to the City Council for a final decision in January. The newly planned neighborhood will feature a mix of single-family homes, duplexes, and townhomes. All homes will be built on-site and are intended to be occupied by homeowners. The homes will range from approximately 1000 SF (2 bedrooms, 1.5 baths) to 1400 SF (three bedrooms, two baths), market-priced between $225,000 and $325,000. Construction is scheduled to begin in early 2026, with the first homes available by next summer. Preferences for the new homes will be given to local workers and employers at prices that are attainable to local workers, seniors, veterans, and their families. This redevelopment will revitalize a historic site that has been empty since the Englewood School was destroyed by fire in 2014. After the fire, Coos County and the City of Coos Bay cleaned the demolished site with support from the State of Oregon. "This project represents an investment in our community’s future, provides quality housing options for the local workforce, and transforms a long-vacant property into a vibrant neighborhood," said John Sweet, Coos County Commissioner. Coos Bay Mayor Joe Benetti said the city is seeking to stimulate investment in the community while providing needed housing, "We’re proud to partner with Coos County and Compass Communities Englewood to bring this vision to life. Housing is essential for our local economy, and this development will help meet that need." A spokesperson for Compass Communities Englewood LLC – an Oregon-based privately-funded community development firm – responded, saying, "Our goal is to create neighborhoods where people who work here can afford to live here. Coos Bay and Coos County have been excellent partners on the Englewood project. The Englewood School is a model for how the public and private sectors can work together to solve housing challenges."

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