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Oregon City complex halted

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High Five
Wednesday, March 10, 2010

The developer of The Rivers, the proposed retail-entertainment-office complex in Oregon City, is suspending the project due to concerns about support from city officials.

With two supporters leaving office and another two opposing the project, the developer says the project will be reassessed after the November election.

As recently as a few weeks ago, [CenterCal CEO Fred Bruning] sounded excited by the prospects of building in Oregon City, saying prospective tenants wanted to be there and that his company believes that The Rivers was "the right project at the right time."

CenterCal has spent more than four years on the project, investing millions of dollars in preparing the site, which is the location of former old Rossman Landfill. "We have worked diligently to overcome the various obstacles posed by one of the most challenging sites we have ever faced," Bruning wrote in his letter.

Read the full story at OregonLive.com.

{biztweet}The Rivers Oregon City{/biztweet}

 
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