A proposal for a publicly subsidized Hyatt hotel at the Oregon Convention Center will go to a vote next week.
A proposal for a publicly subsidized Hyatt hotel at the Oregon Convention Center will go to a vote next week.
The group behind the Hyatt bid, which includes Minneapolis-based Mortenson Development Inc., Portland’s Schlesinger family, Portland architect Ankrom Moisan and others, offered four proposals for a convention center hotel, ranging in cost from $157 million to $201 million.
With an evaluation committee’s approval, the Metro Council and the Portland Development Commission Board of Commissioners will each meet next week. And with both of their OKs, Metro staff will start talks to refine the proposals and negotiate financing. A deal would require later approvals from Metro, the city and Multnomah County.
Read more at OregonLive.com.
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