Portland public market land deal moves forward


Developer Melvin Mark won exclusive rights to buy land under the Morrison Bridge to create a public market similar to Seattle’s Pike Place. 

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Developer Melvin Mark won exclusive rights to buy land under the Morrison Bridge to create a public market similar to Seattle’s Pike Place.

Multnomah County has agreed to sell the land to developer Melvin Mark for $10 million. It would cost the development team about $20 million to build the public market and millions more to construct a proposed 17-story commercial tower next to it.

Assuming developers can raise enough money to launch this project, it could lead to hundreds of jobs and give a huge boost local tourism and downtown retail. If all goes well, the James Beard Public Market – as it would be named – could open by 2016.

Read more at KGW.

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