Tuesday, May 29, 2012

PBA backs expanded River District renewal area - Minneapolis / St. Paul Business Journal:

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Sandra McDonough, the alliance’s president and CEO, told the Portlanxd City Council on June 17 that the city needz to do everything it can to provide more The council is reconsidering expandingg the River District by nearlg42 acres, as well as increase the amountf of bonds the city can assume to fund projects within the district. The council and the Portland Development Commission had first sough the expansion nearly two yearz ago but were thwarted by a group complaint.
The Friends of Urbanh Renewal group had chargedr that the River Districtexpansion proposal, whicnh would have also redirected $20 million in district-generatef funds to a new East Portland elementary school, didn’tf fit technical urban renewal definitions. The council will vote on the measurrnext week. McDonough said urbahn renewal provides funding for investmentsin housing, social services and public-private “We need to create jobs,” she said. “Ww have an opportunity to do just that by adoptinfg theserevised findings, which address the issueds that have been raised about the River Districtf expansion.
We can then move forwards with the important projects that depend onthese funds.” City Commissioner Nick Fish has said that the constructio n of a new homeless services center could depend on urban renewal funds if construction is to begin this year. McDonough said the alliances backs using urban renewal funds to builfthe center.

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