The Portland Development Commission will vote whether to sell the 0.31-acre parcel north of the Oregon Convention Center for $1.3 million.
The Portland Development Commission will vote whether to sell the 0.31-acre parcel north of the Oregon Convention Center for $1.3 million.
That’s $320,000 short of the $1.62 million the agency’s appraiser said it was worth earlier this year.
But an appraisal paid for by the developer, Mortenson Construction, put the land’s value at $1 million. After negotiations and a discussion between the two appraisers, they agreed to split the difference.
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