The outdoor sporting goods store will be part of a new, multi-million dollar development expected to create approximately 1,700 jobs.
The City Council unanimously approved a $5.25 million plan that would improve safety along Foster Road between SE Powell Boulevard and 90th Avenue.
The city's Legacy Project coordinators would like to redevelop the 23-acre industrial site along the Willamette Falls.
In the Portland area, only 5.2% of all residential properties with a mortgage held a negative equity position in the first quarter of 2014.
The McKenzie-Willamette Medical Center will spend $80 million on an expansion, to be completed by 2018.