Portland growth will be costly

Metro estimates it will cost at least $10 billion to maintain and grow the Portland region.

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Just to maintain the existing infrastructure in Portland and the surrounding counties, Metro estimates it will cost $10 billion over the next 20 years; to accommodate the influx of new residents expected over the next decades will cost another $20 billion to $30 billion.

If people aren’t willing to pay, Metro chief operating officer Michael Jordan worries the seven-county region surrounding Portland will see its livability suffer as an expected 1 million more people arrive here in the next 30 or so years. Metro predicts that between 568,700 and 798,100 of those newcomers will land in the three counties that fall within its jurisdiction.

“Success will depend on how much money we are able to raise and how efficiently we spend it,” said Jordan, the top executive at the elected government charged with managing growth in most of Multnomah, Clackamas and Washington counties.

Read the full story at the Portland Tribune.

{biztweet}Portland Metro 10 billion{/biztweet}

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