Council Considers Shrinking Urban Renewal Areas

In a late evening vote, the Portland City Council began the process of shrinking Portland’s Urban Renewal Areas by about 10 percent. Its goal: To put more money back on the city and county tax rolls. Portland has 11 urban renewal areas. The Pearl District is the probably best-known. The proposal could result in $5 million of new money for the city, the county, and the schools this year. The council will take a final vote on the plan in the fall.
www.opb.org/news/article/council-considers-shrinki…areas

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