Small grocers oppose new Portland Trader Joe's

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Friday, November 22, 2013

A group of small Portland grocers oppose a city deal to bring a Trader Joe's to Northeast Portland.

After weeks of speculation, the Portland Development Commission announced on Nov. 13 that Trader Joe’s will anchor a new $8 million retail development planned for a long dormant city-owned lot.

The developer, California-based Majestic Reality Co., will buy the land at a $2.5 million discount and a handful of local grocers are saying they stand to lose in the deal.

Read more at KGW.

 

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