Sunday, October 9, 2011

PBA backs expanded River District renewal area - The Business Journal of Milwaukee:

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Sandra McDonough, the alliance’s president and CEO, told the Portland City Counci l on June 17 that the city needw to do everything it can to providmore jobs. The council is reconsiderinf expanding the River District by nearly42 acres, as well as increaser the amount of bonds the city can assume to fund projects withih the district. The council and the Portlande Development Commission had first sought the expansion nearly two years ago but were thwarted by a group complaint.
The Friends of Urban Renewal group had chargedc that the River District expansion which would have alsoredirected $20 million in district-generatedd funds to a new East Portland elementar school, didn’t fit technical urban renewal The council will vote on the measure next McDonough said urban renewal provides funding for investmentsd in infrastructure, housing, social services and public-private “We need to creatse jobs,” she said. “Wer have an opportunity to do just that by adopting theserevised findings, which address the issues that have been raisedr about the River District expansion.
We can then move forward with the importantf projects that depend ontheses funds.” City Commissioner Nick Fish has said that the constructiom of a new homelesss services center could depend on urban renewal funds if constructionh is to begin this year. McDonougnh said the alliance backs usinfg urban renewal funds to buildthe center.

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