Voters in Multnomah, Washington and Clackamas counties on Tuesday appeared to overwhelmingly approve a $475 million bond measure dedicated to preserving and improving the region’s parks and natural areas, according to preliminary returns from all three counties.
Metro, the regional government body that manages land use, will use bond money to buy land for wildlife habitats and improve and complete community parks and trails.
Taxes will not increase because of the bond’s passage. Property owners will be charged $0.19 per $1,000 of assessed value to repay the bond – or about $4 a month for the region’s typical homeowner – but won’t see an increase on their bill because this measure replaces an earlier borrowing package that has now been paid off.
The largest portion of the bond, $155 million, will go toward land purchase and restoration. Metro will purchase land from willing sellers and restore it to improve water quality, fish and wildlife habitat.
The bond also pay for park projects, such as Chehalem Ridge in Washington County, and community projects like the Willamette Falls Legacy Project, which is intended to provide public access to the iconic Oregon City waterfalls.
Metro won voter approval for $652 million last year to build and preserve housing across the region. Next year, Metro leaders plan to ask voters for a transportation spending package that is likely to top $3 billion.