Business View Civil and Municipal | September 2022

93 CIVIL AND MUNICIPAL VOLUME 3, ISSUE 9 The city is also in the process of acquiring a former Bank of America branch building that has been vacant for a number of years. Their plan is to facilitate future private sector development in the hopes that it can be redeveloped into a multi-storey, mixed-use project. “Our whole reason for acquiring that site is not for city use or public use, it’s to facilitate private sector development so that there’s another good property tax paying, economically impacting development there,” Mitchell explains. “We are going to take our time and go through ample public engagement over the next year or so to make sure that all the stakeholders are aligned with a vision for what they want to see at that site.” Dallas’s current major industry is agriculture, with a focus on winemaking. There are dozens of wineries within a five to 40-minute drive of the city. The wine industry is becoming a much bigger part of the local economy, as well as a very popular attraction to the area. Clayton Madey 503.972.7277 clayton@macadamforbes.com Licensed in OR Stu Peterson, SIOR 503.972.7288 stu@macadamforbes.com Licensed in OR &WA This property represents one of the last large industrial parcels from the Willamette Valley up to the Portland Metro area. The parcel size o ers a wide array of development opportunities, including a mixed-use project. FOR SALE 1551 SE Lyle Street, Dallas, OR 97338 DALLAS , OREGON Charlie Mitchell, Dallas’s Economic & Community Development Director