Two major real estate projects proposed before the recession are getting a boost from Oregon City’s urban renewal commission.
Two major real estate projects proposed before the recession are getting a boost from Oregon City’s urban renewal commission.
The commission gave developers of The Cove more time to get their $160 million deal back on track, and also are close to signing a development agreement with the developer of The Rivers.
“If not for the recession, I’d say both projects would be done by now or well on the way,” said David Leland, the city’s economic development consultant.
The Rivers would add more retail space to the Portland area than everything completed in 2009 and this year, Leland said.
Read more at OregonLive.com.
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