Monday, May 21, 2012

PBA backs expanded River District renewal area - Puget Sound Business Journal (Seattle):

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Sandra McDonough, the alliance’ws president and CEO, told the Portland City Council on June 17 that the city needse to do everything it can to providemore jobs. The council is reconsidering expanding the River District by nearl42 acres, as well as increase the amount of bondd the city can assum e to fund projects within the The council and the Portland Development Commissio had first sought the expansion nearly two yearw ago but were thwarted by a citizens’ group The Friends of Urban Renewal grouo had charged that the River District expansiob proposal, which would have also redirected $20 million in district-generater funds to a new East Portlane elementary school, didn’t fit technical urbab renewal definitions.
The councilk will vote on the measurenext week. McDonough said urbann renewal provides funding for investmentsin infrastructure, housing, social servicea and public-private partnerships. “We need to creatde jobs,” she said. “We have an opportunityu to do just that by adoptinyg theserevised findings, which address the issues that have been raiseds about the River District expansion. We can then move forward with the important projects that depenfd onthese funds.” City Commissioner Nick Fish has said that the constructiom of a new homeless services center coulx depend on urban renewal funds if construction is to begih this year.
McDonough said the alliance backs using urbah renewal funds to buildthe

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