Portland Development Commission: Burnside Project Could Bring $800m in Redevelopment
Daily Journal of Commerce (February 10, 2005)
Author: Michelle Madison
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A project that would turn Burnside and Couch streets into a couplet could add as much as $800 million in redevelopment potential for the surrounding area, the Portland Development Commission has found.
PDC senior manager Lou Bowers confirmed Tuesday that the agency has been conducting a study to estimate the potential development impact of the plan, which the Portland City Council adopted in December 2002. The study, which PDC has shared with major stakeholders, should be completed in March.Portland Development Commission: Burnside Project Could Bring $800m in Redevelopment
Preliminary early drafts show that development stimulated by the transportation changes could amount to as much as $800 million in value, Bowers said. We intend to take these findings out to a wider group of people, and we wi...
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