January 22, 2015

The PDC Board of Commissioners approved amendments to six urban renewal areas at its Wednesday, January 21, 2015 meeting. The package of changes goes to Portland City Council for a public hearing on Thursday, February 26.

City Council’s approval of the amendments would result in releasing approximately $122 million in property taxes to taxing jurisdictions and providing $97 million to PDC to invest in projects that will compel economic growth and real estate development in the North Macadam and Central Eastside URAs.