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Oregon Sustainability Center denied funding

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Tuesday, March 06, 2012

$37 million in state bonds were not approved for the Oregon Sustainability Center.

The Oregon Sustainability Center is pitched as the greenest high-rise planned in the country. The 130,000-square-foot project would be the tallest mixed-use building to meet the Living Building Challenge, widely viewed as the world’s toughest green building standard.
Project supporters, including Portland Mayor Sam Adams, say that it would solidify Oregon’s position as a leader in green building, and also create short- and long-term jobs.
But expected high construction costs and rental rates are turnoffs for some of the state’s lawmakers, who contend that taxpayers could be on the hook for millions of dollars if the building weren’t filled with tenants.

Read more at The Daily Journal of Commerce.

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