Sponsored by Oregon Business

Right 2 Dream Too landlord considers offer

| Print |  Email
Must Reads
Wednesday, December 11, 2013

Right 2 Dream Too landowner Michael Wright is considering the Portland Development Commission's offer of $1.2 million for the homeless community's high-profile property.

But the landowner, who has been at odds with the city for years before allowing the homeless community to set up tents on the prominent street corner more than two years ago, said the number "was a little low."

Shawn Uhlman, PDC spokesman, said the $1.2 million is the figure where "negotiations will start." The city is still doing its due diligence, he said, and that may not be the final price. Other factors such as potential "environmental remediation" on site could plunge the price downward, Uhlman said.

But Uhlman added that the appraised value of the .18-acre site is "essentially the ceiling for us." Wright has more than $10,000 in unpaid property taxes on the two lots as well, a figure that would likely be carved out of any eventual payout.

Read more at OregonLive.com.

 

More Articles

The 100 Best Companies to Work For in Oregon

March 2015
Thursday, February 26, 2015
BY KIM MOORE | OB RESEARCH EDITOR

Employment in Oregon is almost back up to prerecession levels — and employers are having to work harder to entice talented staff to join their ranks. This year’s 100 Best Companies to Work For in Oregon project showcases the kind of quality workplaces that foster happy employees. 


Read more...

Emperor of the Sea

April 2015
Friday, March 27, 2015
BY COURTNEY SHERWOOD | Photos by Jason E. Kaplan

Pacific Seafood, one of the world’s largest processors, is rebranding as a more transparent and consumer-friendly operation. A controversial CEO and monopoly accusations from coastal fishermen complicate the tale.


Read more...

Power Players

April 2015
Friday, March 27, 2015
BY ROBERT MULLIN

A new energy-sharing agreement sparks concerns about independence and collaboration in the region's utility industry.


Read more...

Cache and Curry

March 2015
Monday, February 23, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Power Lunch at Swagat in Hillsboro.


Read more...

Announcing the date of the 100 Best Green Workplaces in Oregon event

News
Friday, March 20, 2015
OBM-100-best-Green-logo-2015-250pxwBY OB STAFF

Join us to celebrate and network with Oregon’s best green workplaces!


Read more...

Help Wanted: Poached Jobs aids restaurateurs

March 2015
Friday, February 20, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR

“We thought there was room for something new.”


Read more...

Oregon Business expands events portfolio

The Latest
Friday, March 27, 2015
htctfacebookBY OB STAFF

New events series brings magazine to life.


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