Beaverton Central Plant, Investing in Beaverton's Future

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Beaverton Central Plant, Investing in Beaverton's Future

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Frequently Asked Questions

Q: Where is the Beaverton Central Plant located?
A: On the first floor of the Coldwell Banker building, at the Round, in downtown Beaverton, Oregon.

Q: Does the BCP generate power?
A: No, the BCP uses electricity and natural gas to heat and cool water, which is circulated to multiple buildings and used for space conditioning.

Q: Why did the City of Beaverton purchase the BCP?
A: The plant has been part of the Round, from its inception, and was encouraged by the City as a model for energy-efficient development and as a powerful economic stimulus to the overall project and surrounding sites. During the spring of 2005, the Round's developer was attempting to finish the first office building, settle on a design for the new parking structure, and recapitalize the entire project. At the same time, the plant was in need of capital for expansion.

The City recognized the value of the plant to the project, the importance of its energy-efficient delivery of heating and cooling services, and the need to assure those connected to the system that they would continue to receive services. As part of the developer's restructuring, the City negotiated the purchase of the plant as well as an update to the entire development agreement. This allowed the developer to complete new buildings, set a firm date for project completion, and establish terms assuring the financial viability of the plant.

Q: What did the acquisition cost?
A: The City had no up-front, out-of-pocket costs to acquire the plant, but did assume responsibility for a state loan and signed a long-term lease with the building owner.

Q: Will the City build more central plants?
A: There are no current plans to build additional plants.

Q: How profitable is the plant?
A: The plant has yet to complete a full year of operation under City ownership. However, it is expected to finish this initial year's operation with a net profit.