Sponsored by Oregon Business

Clackamas approves light rail agreement

| Print |  Email
Must Reads
Thursday, August 23, 2012

Clackamas County commissioners approved a $22.6 million settlement agreement with TriMet to pay for the controversial Portland-Milwaukie light rail extension.

Commissioners also authorized the sale of bonds to pay for the $19.9 million the county must pay the transit agency by Oct. 10. About $19.1 million in bonds are expected to be sold Sept. 6, according to Moody's Investor Services, a bond credit rating firm. Including in-kind services, fees and property, the county's contribution to the project totals $22.6 million.

The renegotiated deal with TriMet is less than the $25 million commissioners agreed in February 2010 to contribute to the $1.5 billion project. TriMet offered to slash $2.4 million from the county's bill, but the county also offered several concessions, including property and the waiver of various fees TriMet owes the county.

Read more at OregonLive.com.

{biztweet}clackamas trimet{/biztweet}

 

More Articles

Light Moves

February 2015
Monday, January 26, 2015
BY JACOB PALMER

Fittingly, Light at Play — a business whose sole purpose is to create mesmerizing ambience — was conceived at Burning Man.


Read more...

Game On

March 2015
Wednesday, February 25, 2015
BY LINDA BAKER | OB EDITOR

The big news at Oregon Business is we’re getting a ping pong table. After reading the descriptions of the 2015 100 Best Companies to Work For in Oregon, a disproportionate number of which feature table tennis in the office, I decided it was time to bring our own workplace into the 21st century. It was a tough call, but it’s lonely at the top, and someone has to make the hard decisions.


Read more...

Meeting Facilities Perspective

March 2015
Tuesday, February 24, 2015
BY KIM MOORE | OB RESEARCH EDITOR

A conversation with Donna Earley, director of sales and marketing for the Salem Convention Center.


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...

Party Like It’s 1999

Contributed Blogs
Wednesday, February 25, 2015
pets-com-sock-puppetBY JASON NORRIS, CFA | OB GUEST BLOGGER

Pets.com, GeoCities, eToys, and WorldCom … blasts-from-the-past that all signify the late 1990s Internet bubble. Yet we believe the dynamics of the market, specifically in technology stocks, are much different today than it was during the late 1990s.


Read more...

Convention Wisdom

February 2015
Monday, January 26, 2015
BY KIM MOORE

After more than a decade of wrangling, construction on a convention center hotel in Portland is slated to start this summer. But debate over project financing continues.


Read more...

On the Brink

March 2015
Friday, February 20, 2015
BY APRIL STREETER | OB CONTRIBUTOR

Leslie Carlson channels the big idea.


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