This is about $38.5 million more than developer Jordan Schnitzer is willing to pay.
This is about $38.5 million more than developer Jordan Schnitzer is willing to pay.
That leaves the Portland Development Commission, which owns the site, to consider whether to move ahead with the project and, if it does, how to close the funding gap.
The agency has already budgeted $16.2 million in urban renewal money for the project. Moving ahead would mean putting up more taxpayer dollars or paring back Schnitzer’s vision.
Read more at OregonLive.com
