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Podcast: News For Reasonable People
Episode: Portland's Woke Doom Loop: $161M Building Sells for $55M as City COLLAPSES
Description: Here we go again - Portland's commercial real estate dumpster fire claims another victim as PAC West Center sells for $55.7 million, a fraction of its 2007 purchase price of $161.5 million. What did they expect when you decriminalize hard drugs, defund police, and let homeless camps turn your downtown into a post-apocalyptic nightmare? We break down how progressive policies destroyed billions in tax revenue, why businesses refuse to lease space next to drug-addled zombies wielding swords, and the hilarious mental gymnastics city officials perform to blame everyone except their own catastrophic decision-making. From Big Pink's fire sale to the tax compression...