Sponsored by George Fox University
Home Must Reads Portland mayor rethinking urban renewal districts

Portland mayor rethinking urban renewal districts

| Print |  Email
Must Reads
Thursday, August 22, 2013

Portland Mayor Charlie Hales is considering retiring or shrinking urban renewal efforts in the Pearl District to return $43 million in added property taxes to the local government.

The glitzy Pearl District, along with gritty Old Town and Chinatown, constitute the River District urban renewal area, one of the PDC’s biggest redevelopment success stories. But the district also keeps $2.17 billion in property off the regular tax rolls to finance continuing redevelopment.

If the city were to close down the entire River District urban renewal area this year, the PDC could put the property back on the tax rolls seven years earlier than planned, says Patrick Quinton, PDC executive director. But the city, county and schools still would have to wait until 2018 to get an infusion of property taxes, he says, because that’s how long the PDC expects it will take to pay off bonded debt from the River District.

Read more at The Portland Tribune.

 

More Articles

Creating a culture of compliance

Business tips
Thursday, June 19, 2014
DataBY MONICA ENAND | GUEST CONTRIBUTOR

Nine tips for building habits among employees to respond when needed.


Read more...

Portland: Where young people go to work?

News
Friday, June 06, 2014
UntitledBY KATIE AUSBURGER | OB GUEST CONTRIBUTOR

How to build a hipster-friendly work environment.


Read more...

OB Video: Dress for Success

News
Wednesday, July 02, 2014
DFSOBY JESSICA RIDGWAY | OB WEB EDITOR

Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.


Read more...

EPA Standards: A breath of fresh air for the region

News
Thursday, June 12, 2014
EPABY ANDREA DURBIN | OB GUEST BLOGGER

Last week, the Obama administration took an important and welcomed step in the effort to protect the health and well-being of all Oregonians by limiting carbon pollution from existing power plants.


Read more...

Attack of the Robin Sages

Contributed Blogs
Monday, July 07, 2014
070714 thumb linkedinfakesBY TOM COX | OB BLOGGER

Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.


Read more...

The global challenge

News
Friday, June 27, 2014
062714 thumb globalmarketBY JASON NORRIS | OB BLOGGER

Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.


Read more...

Oregon Business wins awards

News
Monday, June 30, 2014

ASBPEOregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS