Four years after being purchased, the Beaverton Central Plant struggles to profit.
Critics call the plant a failure – the investment ran a deficit of $1.5 million until this month – while Beaverton’s mayor cites the project’s long-term benefits to justify the purchase.
Beaverton Mayor Denny Doyle admits the city probably would not have purchased the plant if not for its integral role at the Round. Doyle said he considers it a good long-term investment, even as the effort remains about $400,000 in the hole, even after recovering two years of delinquent utility payments.
“It’s not a bad deal for taxpayers at all,” Doyle said. “The potential to increase the earnings is there, so it makes a whole lot of sense.”
Read the full story at OregonLive.com.
