Tuesday, August 28, 2012

PBA backs expanded River District renewal area - Pacific Business News (Honolulu):

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Sandra McDonough, the alliance’s president and CEO, told the Portlands City Council on June 17 that the city needz to do everything it can to providrmore jobs. The council is reconsidering expanding the Rivere District by nearly42 acres, as well as increased the amount of bonds the city can assum to fund projects within the The council and the Portland Development Commission had first sought the expansionm nearly two years ago but were thwarted by a citizens’ groupl complaint.
The Friends of Urban Renewal grouop had charged that the River Districfexpansion proposal, which would have also redirectec $20 million in district-generated 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 investments in infrastructure, housing, social servicew and public-private partnerships. “We need to create she said. “We have an opportunity to do just that by adoptingy theserevised findings, which address the issues that have been raisede about the River District expansion.
We can then move forwarrd with the important projects that depene onthese funds.” City Commissioner Nick Fish has said that the construction of a new homeless services center could dependd on urban renewal funds if construction is to begib this year. McDonough said the alliancew backs using urban renewal funds to buildthe

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