PDC working with developers to make Grove Hotel into a hostel

| Print |  Email
Must Reads
Wednesday, November 14, 2012

The Portland Development Commission is expected to approve a deal to renovate the Grove Hotel in Old Town into a hostel for young creative types.

The deal will lock in more than $3 million in taxpayer losses and require nearly that much more in loans. But officials with the urban renewal agency say it's the only way to forge ahead with a plan for private developers to renovate the old Grove Hotel into a youth hostel, giving the gritty area an anchor and attracting young people who someday could fill local tech jobs.

A development team that includes Howard and Linda Davis and David and Katherine Gold originally proposed a $4.2 million overhaul. But according to PDC documents, the project stalled after construction estimates "significantly exceeded" that.

Read more at OregonLive.com.

{biztweet}grove hotel{/biztweet}

 

More Articles

Light Reading

September 2015
Thursday, August 20, 2015
BY JACOB PALMER

Ask any college student: Textbook prices have skyrocketed out of control. Online education startup Lumen Learning aims to bring them down to earth.


Read more...

The Private 150: From Strength to Strength

July/August 2015
Monday, July 13, 2015
BY KIM MOORE

Revenues in Oregon's private, for profit sector maintained solid growth as the economy continued to rebound.


Read more...

Unshakable

September 2015
Wednesday, August 19, 2015
BY BRIAN LIBBY

Ben Kaiser holds his ground.


Read more...

Best Foot Forward

July/August 2015
Monday, July 13, 2015
BY CHRIS NOBLE

Whether you're stepping out to work or onto the track, Pacific Northwest shoe companies have you covered.


Read more...

Storyteller in Chief: Power Player

September 2015
Wednesday, August 19, 2015
BY LINDA WESTON

In 1996, after a 17-year career in the destination marketing industry, where I gained national standing as the CEO of the Convention & Visitors Association of Lane County, I was recruited by the founders of a new professional basketball league for women. The American Basketball League (ABL) hoped to leverage the success of the 1996 USA women’s national team at the Atlanta Olympics — much like USA Soccer is now leveraging the U.S. Women’s National Team’s victory in the World Cup. The ABL wanted a team in Portland, and they wanted me to be its general manager.


Read more...

Storyteller in Chief: Natural Prophets

July/August 2015
Monday, July 13, 2015
BY SAM BLACKMAN

Storyteller-in-chief with the CEO and co-founder of Elemental Technologies.


Read more...

Downtime with Jill Nelson

September 2015
Wednesday, August 19, 2015
BY JACOB PALMER

Live, Work, Play wit the CEO of Ruby Receptionists.


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