Developer Jordan Schnitzer’s $115.7 million project would require $38.5 million in public subsidies.
Developer Jordan Schnitzer’s $115.7 million project would require $38.5 million in public subsidies.
The leading concept plan developed by Schnitzer and a team of consultants calls for a mix of multifamily, office and retail space, and preservation of the historic flour and feed mill buildings.
PDC chair Tom Kelly described Schnitzer’s preferred development concept as a “full meal deal.” He and other PDC commissioners said they needed far more information on the project cost and finances, plus feedback from the public, before they can commit to the $38 million in subsides, and make recommendations on which other PDC priorities to slash as a result.
Read more at Portland Tribune
