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Oregon Sustainability Center gets potential private partner

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Must Reads
Wednesday, September 12, 2012

Interface Engineering has emerged as a potential part-owner or tenant in the proposed Oregon Sustainability Center.

The proposed $62 million, eight-story building is supposed to be the world’s tallest without a carbon footprint. But it’s been criticized as a waste of money. And lawmakers earlier this year refused to authorize state bonds to help finance it. City officials, including Commissioner Nick Fish, said they wouldn't vote for it unless it had a significant private investment.

Now it does.

WW has obtained a 10-year lease proposal between the city and Portland-based Interface Engineering, dated Sept. 10, that calls for the company to help design the building, rent about a third of its space, and give it an option to become an owner. The proposal has lopped off a story and an auditorium. The new price tag is about $50 million.

Read more at Willamette Week.

{biztweet}oregon sustainability{/biztweet}

 

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