The Portland City Council considers reducing the Airport Way urban renewal area.
The Portland City Council is considering shrinking the Airport Way urban renewal area — one of Portland’s largest — by almost a third.
The 870 acres that may be removed can be applied to an urban renewal area elsewhere.
…Portland is now bumping up against an urban renewal ceiling: State law requires that renewal areas take up no more than 15 percent of the total area of cities such as Portland. Portland has only 700 acres left before it hits 15 percent.
That limit has caused officials at the Portland Development Commission to take another look at Airport Way. And much of the land in the renewal area either can’t be developed or probably won’t, said Bob Alexander, special projects manager with the PDC.
Read the full story at the Daily Journal of Commerce.
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