Development Details

 

 

The History and Vision of TimberMill Shores

The Waterways of Klamath Falls, Oregon have a rich and productive history in timber, ranching and farming. Today, a new opportunity blooms along the sunny shores of Lake Ewauna—TimberMill Shores, a 50 acre mixed-use development with lots for sale and development.

Not your average development opportunity TimberMill Shores is a once in a lifetime opportunity to forever change Klamath Falls and the surrounding region that serves it. Beyond the typical development offerings found elsewhere, TimberMill Shores is situated adjacent to both the Central Business District of downtown Klamath Falls and Lake Ewauna. The development includes dedicated public land space, geothermal capabilities and tax friendly opportunity and enterprise zones. A truly unique and an unparalleled investment opportunity.

Mixed-Use developments capitalize on the “Live-Work-Play” environment and TimberMill Shores is no exception with its pedestrian -friendly integration of retail, office, residential, hotel, recreation and other functions. Developers have remarkable flexibility with this zoning. Mixed-used fosters the vision and ideas to capture a “Live-Work-Play” environment with many amenities and an integrated architectural expression.

Dedicated Greenbelt The public walkways encircling Lake Ewauna will include amenities such as bicycle and pedestrian paths stretching for miles, highlighted with benches and works of art. This greenbelt, along with pedestrian plazas and parks, will invite residents and visitors to stop and shop while enjoying incredible lake and mountain views. The TimberMill Shores Lake Ewauna trail system begins at historic Veteran’s Park. This geothermally heated concrete trial continues along the shores through Both Phase 1 and Phase 2. A gravel trail system extends southly along the entire eastern shore of Lake Ewauna to the railroad tressel or southernmost part of the lake. The master plan is extend the trail across the tressel to connect to part of a future trail system that will extend along the western side of lake Ewauna providing a complete loop. Ultimately this trail system may also connect to the Link River trail/Moore Park to the north and the OC&E Trail system which extends for X miles into Eastern Oregon.

An extensive Geothermal system is already established for this entire development. Geothermal heat is already heating TimberMill Shores existing sidewalks and neighboring Veteran’s Memorial Park. This unique resource provides low cost heat for buildings and is an efficient method for keeping side-walks clear of ice and snow.
A developer has the potential to recoup a considerable amount of infrastructure capital expenses through the approved Urban Renewal District (URD). To spur development, nearly $7 Million is available for qualified improvements. This translates into a tremendous reimbursement opportunity for a larger developer.
Oregon has considerably lower state and local tax rates compared to neighboring California. Additionally, Klamath Falls draws purchasers from three counties and two states, not only because Klamath Falls is larger than all towns in a 60-mile radius, but because Oregon has no sales tax.