The Trustee Council has completed a Final Supplemental Restoration Plan and Environmental Assessment (Final SRP) that uses the criteria identified in the 2017 Programmatic Restoration Plan to evaluate and select the Restoration Bank Credit Alternative to implement restoration actions.
In the Programmatic Restoration Plan, the Trustee Council describes several ways that a Potentially Responsible Party (PRP) can provide restoration to resolve its liability for damages at Portland Harbor, including PRP project implementation, PRP credit purchases, or a PRP providing funds to the Trustee Council for restoration. In the SRP, the Trustee Council evaluated three alternatives for how the Council will spend funds it receives in settlements:
- Trustee-Led Project Alternative
- Partnering Project Alternative
- Restoration Bank Credit Alternative
Of the alternatives evaluated in the SRP, the Trustee Council has selected the Restoration Bank Credit Alternative for this phase of restoration. Accordingly, PRPs could resolve their liability by purchasing restoration bank credits or providing funds to the Trustee Council to purchase restoration bank credits.
View and download the Final SRP here:
The Final SRP also determined five restoration bank projects are eligible under the Preferred Alternative:
- Alder Creek Restoration Project
- Harborton Habitat Development Project
- Linnton Mill Restoration Site
- Miller Creek Restoration Project
- Rinearson Natural Area