Sponsored by Lane Powell

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

5 takeaways from the rural Oregon economic report

The Latest
Thursday, September 10, 2015

The Oregon Office of Economic Analysis released a report on the vitality of rural Oregon this week.  Media reports focused on the number of Californians moving to the "Timber Belt," but the document contained other interesting insights regarding regional challenges and successes.


After the Orange Line

Linda Baker
Tuesday, September 08, 2015
090815-trimet-thumbBY LINDA BAKER

Alan Lehto, TriMet's director of policy & planning, shares a few thoughts on ride sharing and more nimble bus services.


The Cover Story

Linda Baker
Thursday, August 27, 2015
01-cover-0915-thumbBY LINDA BAKER

How do you put a baby on the cover of a business magazine without it looking too cutesy?


The Cover Story

The Latest
Tuesday, October 06, 2015
100515-cover1015-news-thumbBY CHRIS NOBLE

As we worked on the October cover, it became evident that Nick Symmonds is a hard man to catch — even when he’s not hotfooting it around a track.


The 10 most successful crowdfunding campaigns in Oregon

The Latest
Wednesday, August 19, 2015
081915-crowdfundingmainBY JACOB PALMER | DIGITAL NEWS EDITOR

One of the hottest new investment trends has proven quite lucrative for some companies.


Reader Input: School Choice

September 2015
Thursday, August 20, 2015

Which of the following would be most effective in reducing the cost of operating a public university in Oregon?


Big Trouble in China?

Guest Blog
Tuesday, August 18, 2015
0818-wellmanthumbBY JASON NORRIS | CFA

Earlier this month, the People’s Bank of China (PBoC) announced they were going to devalue their currency, the Renminbi. While the amount of the targeted change was to be roughly 2 percent, investors read a lot more into the move. The Renminbi had been gradually appreciating against the U.S. dollar (see chart) as to attempt to alleviate concerns of being labeled a currency manipulator.

Oregon Business magazinetitle-sponsored-links-02