FirmoGraphs keeps its clients up to date on capital plans of interest for long-term business development. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We recently processed the latest capital spending plan by the City of Salem, Oregon. Here are our observations.
In the CIP covering the 2024-2028 fiscal year, City of Salem, Oregon, detailed plans to spend nearly $445 million on capital projects, an increase of 60% from nearly $43 million in its 2023-2027 CIP. The current CIP has 217 line items, compared to 155 line items in the prior CIP. The table below breaks down Salem’s planned capital spending by business area for its last two CIPs.
*Numbers are Rounded
Increase in Planned Spending Due to New Programs and Projects
In the recent CIP, all business areas increased, but the most significant dollar amount increase goes to the Streets category, increasing by almost $65 million and 61%. The increase goes towards new programs added, including State Street Bicycle Lanes and Pavement Rehabilitation and Fisher Road NE Urban Upgrades (Silverton Road NE / East-West Curve), worth nearly $13 million and $10 million, respectively. In the Buildings category, the Public Works Operations Building is nearing completion, amounting to nearly $25 million in the previous CIP versus $2 million in the recent CIP. The decrease accompanies a new project, the Civic Center Seismic Improvements, worth nearly $33 million, and New Fire Station - Northeastern Site, worth $6.5 million. Another $10 million is planned for the Affordable Housing Funds for public or private development of affordable housing projects.
Regional Utility and Sewer Projects to Receive Biggest Investment
The City of Salem, Oregon, has five notable line items valued at over $10 million. The most significant project is the Civic Center Seismic Improvements, worth nearly $33 million, under the Buildings category. The project includes the planning, design, and construction of seismic improvements to reinforce the Civic Center structure; hazardous materials abatement; atrium seismic reinforcement and skylight replacement; replacement of windows, roof, and generator; waterproofing and concrete repairs to the parking structure; and Peace Plaza renovations. Other notable projects are listed below:
- McGilchrist Street SE Corridor Improvements - valued at $28 million, under the Streets category. The project goes to the design, right-of-way acquisition, and construction to improve McGilchrist St. SE to minor arterial standards with proper travel lane widths, bike lanes, curbs, gutters, sidewalks, and drainage systems. Work also includes replacing stream crossing structures at the east and west forks of Pringle Creek and the realignment and signalization of 22nd St SE.
- Streetscape Improvements within Riverfront-Downtown Urban Renewal Area - valued at $20 million, under the Streets category. The project includes new sidewalks, pedestrian/alley lighting, and street furniture.
- Willow Lake Water Pollution Control Facility (WPCF) - South Secondary Clarifiers - valued at $17 million, under the Wastewater category. The funding includes design and construction to rehabilitate the existing south secondary clarifiers.
- Fisher Road NE Urban Upgrades (Silverton Road NE / East-West Curve) - valued at $10 million, under the Streets category. The funding includes new curbs, sidewalks, bike lanes, stormwater treatment, and streetlights
How FirmoGraphs Can Help
FirmoGraphs curates data about U.S. public sector markets, including capital plans, regulatory developments, and other critical information. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We’d be glad to meet with you and help your company sort through the wealth of information in capital plans and other publicly available documents. Feel free to request a meeting and review the data live on our Business Intelligence platform.
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