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Metro asks judge to throw out opposing legal challenges

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Must Reads
Thursday, August 28, 2014

Metro asked the court to shut down potential legal challenges by opponents of the proposed hotel north of the Oregon Convention Center.

The motion, filed Wednesday in Multnomah County Circuit Court, aims to validate Metro's authority in all actions taken in relation to the hotel. Metro argues that it has the authority to authorize the issuance of $60 million in bonds for the project without putting the matter to the ballot. It says Metro's charter explicitly authorizes it to issue revenue bonds without a public vote. Other sources of funding for the project include $10 million in Oregon Lottery bond revenues, a $4 million loan from the Portland Development Commission and a $4 million grant from Metro.

Read more at Portland Business Journal

 

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