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Podcast: Cascade CounterPoint
Episode: QP: A Developer's Departure Gives Portland a Chance to Reconsider Its Priorities
Description: Full Text: At a time when many Portlanders are sleeping on sidewalks, tax dollars shouldn’t be wasted on expensive and unnecessary government redevelopment projects.
Earlier this month, commercial real estate firm Continuum Partners pulled out of its agreement with the City of Portland to redevelop a postal facility downtown, citing the real estate environment and “complexities of the project.” This sudden change should serve as a wake-up call for the city and force it to reexamine its priorities.
Prosper Portland, the city’s economic and urban development agency, purchased the old post office property for a wh...