PDC’s possible move out of its Old Town/Chinatown building could mean the collapse of neighborhood businesses.
Old Town shop owners worry that Portland Development Commission’s possible decision to move out of their neighborhood could mean the collapse of their fragile businesses.
The PDC will decide May 12 whether to move its 185 employees to the half-built Park Avenue West building downtown.
The financial offers are close and likely to change right up until Wednesday’s decision day, says PDC chairman Scott Andrews. So, Andrews says, factors other than money will probably decide whether PDC stays or goes.
On the one hand, Andrews says, PDC’s mission is to create healthy neighborhoods, which it is helping to do in Old Town. On the other hand, PDC is committed to creating jobs, and signing a lease for Park Avenue West would mean up to 300 steelworkers, truck drivers and others getting back to work on that tower.
Read the whole story at The Portland Tribune.
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