Home Must Reads Right 2 Dream Too landlord considers offer

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

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...

Salvage operation

June 2014
Thursday, May 29, 2014
BY JONATHAN FROCHTZWAJG

For Far West Fibers, one of Oregon's largest and oldest mixed-recycling companies, garbage alchemy has long been big business.


Read more...

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

Green Your Workplace seminar held at Nines Hotel

News
Wednesday, May 28, 2014

GreenYourWorkplacelogoOBMOregon Business magazine's  "Green Your Workplace" seminar featured a panel of sustainability experts from small, medium and large organizations. The seminar drew 70 people and took place in the Nines Hotel this morning.


Read more...

OB Video: Oregon MESA

News
Thursday, June 26, 2014

ThumbOregon Business hosts an informal roundtable discussion about the Oregon MESA (Mathematics, Engineering, Science Achievement) program.


Read more...

OB Video: Building trade ties with the EU

News
Monday, June 16, 2014
BritEmbCampionBY KIM MOORE | OB RESEARCH EDITOR

The Oregon economy could get a boost from a new trade agreement being negotiated between the U.S. and the European Union.


Read more...

The role of higher education as K-12 underperforms

Contributed Blogs
Friday, May 30, 2014
ThumbChalkboardBY DEBRA RINGOLD | OB GUEST CONTRIBUTOR

Since 1970 the performance of our public education system has steadily deteriorated.


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