Detail, east Portland photo, courtesy Miles Hochstein / Portland Ground.



For old times' sake
The bojack bumper sticker -- only $1.50!

To order, click here.







Excellent tunes -- free! And on your browser right now. Just click on Radio Bojack!






E-mail us here.

About

This page contains a single entry from the blog posted on May 26, 2010 10:35 AM. The previous post in this blog was Another bad moment for Tri-Met. The next post in this blog is It's o.k. to guess. Many more can be found on the main index page or by looking through the archives.

Archives

Links

Law and Taxation
How Appealing
TaxProf Blog
Mauled Again
Tax Appellate Blog
A Taxing Matter
TaxVox
Tax.com
Josh Marquis
Native America, Discovered and Conquered
The Yin Blog
Ernie the Attorney
Conglomerate
Above the Law
The Volokh Conspiracy
Going Concern
Bag and Baggage
Wealth Strategies Journal
Jim Hamilton's World of Securities Regulation
myCorporateResource.com
World of Work
The Faculty Lounge
Lowering the Bar
OrCon Law

Hap'nin' Guys
Tony Pierce
Parkway Rest Stop
Utterly Boring.com
Along the Gradyent
Dwight Jaynes
Bob Borden
Dingleberry Gazette
The Red Electric
Iced Borscht
Jeremy Blachman
Dean's Rhetorical Flourish
Straight White Guy
HinesSight
Onfocus
Jalpuna
Beerdrinker.org
As Time Goes By
Dave Wagner
Jeff Selis
Alas, a Blog
Scott Hendison
Sansego
The View Through the Windshield
Appliance Blog
The Bleat

Hap'nin' Gals
My Whim is Law
Lelo in Nopo
Attorney at Large
Linda Kruschke
The Non-Consumer Advocate
10 Steps to Finding Your Happy Place
A Pig of Success
Attorney at Large
Margaret and Helen
Kimberlee Jaynes
Cornelia Seigneur
Mireio
And Sew It Goes
Mile 73
Rainy Day Thoughts
That Black Girl
Posie Gets Cozy
{AE}
Cat Eyes
Rhi in Pink
Althouse
GirlHacker
Ragwaters, Bitters, and Blue Ruin
Frytopia
Rose City Journal
Type Like the Wind

Portland and Oregon
Isaac Laquedem
StumptownBlogger
Rantings of a [Censored] Bus Driver
Jeff Mapes
Vintage Portland
The Portlander
South Waterfront
Amanda Fritz
O City Hall Reporters
Guilty Carnivore
Old Town by Larry Norton
The Alaunt
Bend Blogs
Lost Oregon
Cafe Unknown
Tin Zeroes
David's Oregon Picayune
Mark Nelsen's Weather Blog
Travel Oregon Blog
Portland Daily Photo
Portland Building Ads
Portland Food and Drink.com
Dave Knows Portland
Idaho's Portugal
Alameda Old House History
MLK in Motion
LoveSalem

Retired from Blogging
Various Observations...
The Daily E-Mail
Saving James
Portland Freelancer
Furious Nads (b!X)
Izzle Pfaff
The Grich
Kevin Allman
AboutItAll - Oregon
Lost in the Details
Worldwide Pablo
Tales from the Stump
Whitman Boys
Misterblue
Two Pennies
This Stony Planet
1221 SW 4th
Twisty
I am a Fish
Here Today
What If...?
Superinky Fixations
Pinktalk
Mellow-Drama
The Rural Bus Route
Another Blogger
Mikeyman's Computer Treehouse
Rosenblog
Portland Housing Blog

Wonderfully Wacky
Dave Barry
Borowitz Report
Blort
Stuff White People Like
Worst of the Web

Valuable Time-Wasters
My Gallery of Jacks
Litterbox, On the Prowl
Litterbox, Bag of Bones
Litterbox, Scratch
Maukie
Ride That Donkey
Singin' Horses
Rally Monkey
Simon Swears
Strong Bad's E-mail

Oregon News
KGW-TV
The Oregonian
Portland Tribune
KOIN
Willamette Week
KATU
The Sentinel
Southeast Examiner
Northwest Examiner
Sellwood Bee
Mid-County Memo
Vancouver Voice
Eugene Register-Guard
OPB
Topix.net - Portland
Salem Statesman-Journal
Oregon Capitol News
Portland Business Journal
Daily Journal of Commerce
Oregon Business
KPTV
Portland Info Net
McMinnville News Register
Lake Oswego Review
The Daily Astorian
Bend Bulletin
Corvallis Gazette-Times
Roseburg News-Review
Medford Mail-Tribune
Ashland Daily Tidings
Newport News-Times
Albany Democrat-Herald
The Eugene Weekly
Portland IndyMedia
The Columbian

Music-Related
The Beatles
Bruce Springsteen
Seal
Sting
Joni Mitchell
Ella Fitzgerald
Steve Earle
Joe Ely
Stevie Wonder
Lou Rawls

E-mail, Feeds, 'n' Stuff

Wednesday, May 26, 2010

Portlanders, hold onto what's left of your wallets

Mayor Creepy has cut yet another deal with Homer Williams and Dike Dame for another SoWhat bunker -- this one for homeless veterans to live in, supposedly. And they've been working hard to make the project "pencil" -- that's the signal for the city's taxpayers to "assume the position," as they used to say at the frat house:

The $49.8 million project will use a combination of tax-increment financing from the North Macadam Urban Renewal area, bond financing and tax credit equity from a 4 percent low income housing tax credit available through the state of Oregon. The project’s funding strategy still needs to be approved by Portland city council. That vote will take place in September.
How much more money can the city borrow and hand over to Homer and Dike to pour into their bank accounts, or down a rat hole? Truly amazing. And of course, as housing commish, Nick Fish is in this one up to his eyeballs with the clown princes of high-rise insanity.

As for wheeling out the veterans to sell the deal to the public, it's important to note that less than a quarter of the apartments are apparently going to be reserved for them. As a shining, happy e-mail message from the city points out:

The project will have 209 affordable apartments over ground-floor space that may be used for retail, office or community services. All 209 of the apartments will be affordable to households earning 60% of median family income (MFI).

Providing housing for homeless veterans is a key focus. The building will reserve 42 apartments for veterans earning less than 30% MFI. Support services and rent assistance for residents will be provided by the Veterans Administration Supportive Housing (VASH) vouchers, administered by the Housing Authority of Portland’s (HAP).

And the contractor? Three guesses should be more than sufficient.

And did this job go out to public bid? I must have missed it.

Comments (22)

And did they forget to mention that it would be "Green" and "Sustainable".

Portland needs to follow Seattle and allow more granny flats/cottages:

http://lists.sightline.org/t?r=5&c=6136&l=73&ctl=4E3E4:5CBAF206F62C25AB834E85DA97F477F2&

"How much more money can the city borrow and hand over to Homer and Dike to pour into their bank accounts, or down a rat hole?"
====

How much more money can Portland borrow?

Great question...

from CNBC:
http://finance.yahoo.com/news/More-Cities-on-Brink-of-cnbc-846713446.html?x=0&sec=topStories&pos=2&asset=&ccode=

More Cities on Brink of Bankruptcy

The possibility of a bankruptcy filing by the city of Harrisburg, Pa., the state capital, looms large these days-and it could be the first in a series, say some Wall Street traders.
====

Vallejo, Harrisburg, soon Portland.

Is this project near a streetcar line or will it require an extension be built? And does it have bike parking for those homeless vets? Can't we work in an anchor tennant like a Whole Foods or a Starbucks? How are those homeless vets going to get nourishment?

Granny flats are a great way of reducing rents, increasing income to single-family residences, and creating positive infill into existing neighborhoods without any visual impacts whatsoever (with proper codes, at least.

Portland already allows these types of units:

http://www.portlandonline.com/bds/index.cfm?c=36676

If I had to comment on the most important aspect of granny flats, is that they can accommodate our aging population to come and live with nearby family members instead of shoving our parents into nursing homes.

Has anybody ever looked at the "real" set of financial books for the City?

This is known as the Comprehensive Annual Financial Report and can often be billions more than they claim they have in their budget.

http://en.wikipedia.org/wiki/Comprehensive_annual_financial_report

I wouldn't be surprised to find all sorts of money hidden away for a rainy day (slush, slush)

Betcha the vote for that shameless exploitation of our military veterans gets moved up suddenly at last possible moment. Voting in favor: Samrand, ?? Against: Those with any sense of morality and responsibility.


(Providing housing for homeless veterans is a key focus.)

BUT, less than 20% of those units will be "reserved" for them.

It's all over....
http://www.youtube.com/watch?v=0oW9GLgsa8s

One more thing to distract people from crappy schools, potholes, bad infrastructure and high water/sewer bills.

That's a cost of $240,000 per apartment, for those who are counting (i.e. not the city.)

Here is page 62 of the 2009 CAFR. Seems like they have a ton of money "invested":

A. Cash and investments:
Cash and investments for the primary government are comprised of governmental and business-type
activities. The balances at June 30, 2009 are:
Primary Component
Government Unit (PDC) Total
Cash on hand $ - $ 500 $ 5 00
Deposits with financial institutions 14,764,233 423,083 1 5,187,316
Investments 610,238,963 112,044,406 7 22,283,369
Total primary government 6 25,003,196 112,467,989 7 37,471,185
Fiduciary 52,316,490 70,647 52,387,137
Total Government $ 677,319,686 $ 112,538,636 $ 7 89,858,322

why are we putting low income housing on the most expensive land in Oregon?

Why not just a short light rail ride away in Gateway, or Hillsborro?

Thanks
JK

Um -- did you make that image? It is quite funny.

Regarding "Granny Flats," didn't the city council vote last month to take a somewhat significant step towards further incentives for that kind of thing -- a reduction of system development fees for construction involving the flats? Something I read in the Hollywood Star (or Star News, or whatever they call it now). Not available online, unfortunately, and something I don't entirely recall the specifics of.

Greece 2 in the making at cityhall. Better to find another location to reside, preferrably the other side of the Multnomah county boundary.

I've never liked this project, but I think the City is stuck with it because of all the bad decisions they made in SoWa many many years ago. The deal with Homer sucked (for the City), the City unnecessarily delayed the project years ago costing it millions in devalued tax credits and sunk costs, the veterans requirement made it more and more expensive, and the area doesn't really have very good amenities for homeless folks. But, there is one shining light. For those veterans receiving treatment and services at the VA it will have great access to the VA located on Pill Hill assuming they have a way to get from the TRAM to the VA.

There are many unanswered questions here. While it is clear that Homer and Dike are getting paid rather handsomely ($3.35 million developer fee), I think it's worth asking how much of and equity stake they're getting. Is this a partnership between the City and private developers?

There is absolutely no transparency with these types of arrangements....

Why do we need transparency for a public-private partnership?

If our elected officals are the public partner for us aren't they looking out for our interests?

Oh well there are some problems with that.
Our elected officials have zero sense of fiduciary responsibility.
Among other lack of of sense.

I thought we had enough empty units in our city and it appears there are more and more vacancy signs on businesses and units. People are moving out, instead we are told we have to pay and to sacrifice our livability for millions that may come in.

Why not a building moratorium for a while until we can have integrity on evaluation of what we do need and audits? Just how many vacant housing units are there right now?

JFC! People get ready. Just take over a majority of the City Council seats. This isn't rocket science. New party: *The After Party*

http://djcoregon.com/news/2010/05/21/affordable-housing-complex-planned-in-east-portland/

this is only a mere 2.2 million...to remodel - not build...

Peebody, you bring up a good point. Is SoWhat Affordable Housing a good expenditure of limited Affordable Housing dollars? SoWhat has the highest land costs, some of the highest building costs, and the public infrastructure cost has been the highest.

This question has been asked at PDC meetings and the result was a lot of squirming by staff, committee members and audience.

Is it fair to ask about spending these dollars to get more bang for the buck? Living by the recently required 30% expenditure of all of a urban renewal areas total indebtedness for affordable housing only within the area should have sensibility applied to it. Having the 30% absolute should be modified where some of the affordable housing set-a-side can be used in other parts of the city.

Great picture. You even thought to add in the Welches con man.


Sponsors


As a lawyer/blogger, I get
to be a member of:

In Vino Veritas

Chloe, Pinot Grigio, Valdadige 2013
Edmunds St. John, Bone-Jolly Gamay Noir 2013
Kirkland, Pinot Grigio, Friuli 2013
St. Francis, Red Splash 2011
Rodney Strong, Canernet, Alexander Valley 2011
Erath, Pinot Blanc 2013
Taylor Fladgate, Porto 2007
Portuga, Rose 2013
Domaine Digioia-Royer, Chambolle-Musigny, Vielles Vignes Les Premieres 2008
Locations, F Red Blend
El Perro Verde, Rueda 2013
Chateau Ste. Michelle, Indian Wells Red 2
If You See Kay, Red 2011
Turnbull, Old Bull Red 2010
Cherry Tart, Cherry Pie Pinot Noir 2012
Trader Joe's Grand Reserve Cabernet, Oakville 2012
Benton Lane, Pinot Gris 2012
Campo Viejo, Rioja, Reserva 2008
Haden Fig, Pinot Noir 2012
Pendulum Red 2011
Vina Real, Plata, Crianza Rioja 2009
Edmunds St. John, Bone/Jolly, Gamay Noir Rose 2013
Bookwalter, Subplot No. 26
Ayna, Tempranillo 2011
Pete's Mountain, Pinot Noir, Haley's Block 2010
Apaltagua, Reserva Camenere 2012
Lugana, San Benedetto 2012
Argyle Brut 2007
Wildewood Pinot Gris 2012
Anciano, Tempranillo Reserva 2007
Santa Rita, Reserva Cabernet 2009
Casone, Toscana 2008
Fonseca Porto, Bin No. 27
Louis Jadot, Pouilly-Fuissé 2011
Trader Joe's, Grower's Reserve Pinot Noir 2012
Zenato, Lugana San Benedetto 2012
Vintjs, Cabernet 2010
14 Hands, Hot to Trot White 2012
Rainstorm, Oregon Pinot Gris 2012
Silver Palm, North Coast Cabernet 2011
Andrew Rich, Gewurtztraminer 2008
Rodney Strong, Charlotte's Home Sauvignon Blanc 2012
Canoe Ridge, Pinot Gris, Expedition 2012
Edmunds St. John, Bone-Jolly Gamay Noir Rose 2012
Dark Horse, Big Red Blend No. 01A
Elk Cove, Pinot Noir Rose 2012
Fletcher, Shiraz 2010
Picollo, Gavi 2011
Domaine Eugene Carrel, Jongieux 2012
Eyrie, Pinot Blanc 2010
Atticus, Pinot Noir 2010
Walter Scott, Pinot Noir, Holstein 2011
Shingleback, Cabernet, Davey Estate 2010
Coppola, Sofia Rose 2012
Joel Gott, 851 Cabernet 2010
Pol Roget Reserve Sparkling Wine
Mount Eden Chardonnay, Santa Cruz Mountains 2009
Rombauer Chardonnay, Napa Valley 2011
Beringer, Chardonnay, Napa Reserve 2011
Kim Crawford, Sauvignon Blanc 2011
Schloss Vollrads, Spaetlese Rheingau 2010
Belle Glos, Pinot Noir, Clark & Telephone 2010
WillaKenzie, Pinot Noir, Estate Cuvee 2010
Blackbird Vineyards, Arise, Red 2010
Chauteau de Beaucastel, Chateauneuf-du-Pape 2005
Northstar, Merlot 2008
Feather, Cabernet 2007
Silver Oak, Cabernet, Alexander Valley 2002
Silver Oak, Cabernet, Napa Valley 2002
Trader Joe's, Chardonnay, Grower's Reserve 2012
Silver Palm, Cabernet, North Coast 2010
Shingleback, Cabernet, Davey Estate 2010
E. Guigal, Cotes du Rhone 2009
Santa Margherita, Pinot Grigio 2011
Alamos, Cabernet 2011
Cousino Macul, Cabernet, Anitguas Reservas 2009
Dreaming Tree Cabernet 2010
1967, Toscana 2009
Charamba, Douro 2008
Horse Heaven Hills, Cabernet 2010
Lorelle, Horse Heaven Hills Pinot Grigio 2011
Avignonesi, Montepulciano 2004
Lorelle, Willamette Valley Pinot Noir 2011
Villa Antinori, Toscana 2007
Mercedes Eguren, Cabernet Sauvignon 2009
Lorelle, Columbia Valley Cabernet 2011
Purple Moon, Merlot 2011
Purple Moon, Chardonnnay 2011
Horse Heaven Hills, Cabernet 2010
Lorelle, Horse Heaven Hills Pinot Grigio 2011
Avignonesi, Montepulciano 2004
Lorelle, Willamette Valley Pinot Noir 2011
Villa Antinori, Toscana 2007
Mercedes Eguren, Cabernet Sauvignon 2009
Lorelle, Columbia Valley Cabernet 2011
Purple Moon, Merlot 2011
Purple Moon, Chardonnnay 2011
Abacela, Vintner's Blend No. 12
Opula Red Blend 2010
Liberte, Pinot Noir 2010
Chateau Ste. Michelle, Indian Wells Red Blend 2010
Woodbridge, Chardonnay 2011
King Estate, Pinot Noir 2011
Famille Perrin, Cotes du Rhone Villages 2010
Columbia Crest, Les Chevaux Red 2010
14 Hands, Hot to Trot White Blend

The Occasional Book

Saul Bellow - Mister Sammler's Planet
Phil Stanford - White House Call Girl
John Kaplan & Jon R. Waltz - The Trial of Jack Ruby
Kent Haruf - Eventide
David Halberstam - Summer of '49
Norman Mailer - The Naked and the Dead
Maria Dermoȗt - The Ten Thousand Things
William Faulkner - As I Lay Dying
Markus Zusak - The Book Thief
Christopher Buckley - Thank You for Smoking
William Shakespeare - Othello
Joseph Conrad - Heart of Darkness
Bill Bryson - A Short History of Nearly Everything
Cheryl Strayed - Tiny Beautiful Things
Sara Varon - Bake Sale
Stephen King - 11/22/63
Paul Goldstein - Errors and Omissions
Mark Twain - A Connecticut Yankee in King Arthur's Court
Steve Martin - Born Standing Up: A Comic's Life
Beverly Cleary - A Girl from Yamhill, a Memoir
Kent Haruf - Plainsong
Hope Larson - A Wrinkle in Time, the Graphic Novel
Rudyard Kipling - Kim
Peter Ames Carlin - Bruce
Fran Cannon Slayton - When the Whistle Blows
Neil Young - Waging Heavy Peace
Mark Bego - Aretha Franklin, the Queen of Soul (2012 ed.)
Jenny Lawson - Let's Pretend This Never Happened
J.D. Salinger - Franny and Zooey
Charles Dickens - A Christmas Carol
Timothy Egan - The Big Burn
Deborah Eisenberg - Transactions in a Foreign Currency
Kurt Vonnegut Jr. - Slaughterhouse Five
Kathryn Lance - Pandora's Genes
Cheryl Strayed - Wild
Fyodor Dostoyevsky - The Brothers Karamazov
Jack London - The House of Pride, and Other Tales of Hawaii
Jack Walker - The Extraordinary Rendition of Vincent Dellamaria
Colum McCann - Let the Great World Spin
Niccolò Machiavelli - The Prince
Harper Lee - To Kill a Mockingbird
Emma McLaughlin & Nicola Kraus - The Nanny Diaries
Brian Selznick - The Invention of Hugo Cabret
Sharon Creech - Walk Two Moons
Keith Richards - Life
F. Sionil Jose - Dusk
Natalie Babbitt - Tuck Everlasting
Justin Halpern - S#*t My Dad Says
Mark Herrmann - The Curmudgeon's Guide to Practicing Law
Barry Glassner - The Gospel of Food
Phil Stanford - The Peyton-Allan Files
Jesse Katz - The Opposite Field
Evelyn Waugh - Brideshead Revisited
J.K. Rowling - Harry Potter and the Sorcerer's Stone
David Sedaris - Holidays on Ice
Donald Miller - A Million Miles in a Thousand Years
Mitch Albom - Have a Little Faith
C.S. Lewis - The Magician's Nephew
F. Scott Fitzgerald - The Great Gatsby
William Shakespeare - A Midsummer Night's Dream
Ivan Doig - Bucking the Sun
Penda Diakité - I Lost My Tooth in Africa
Grace Lin - The Year of the Rat
Oscar Hijuelos - Mr. Ives' Christmas
Madeline L'Engle - A Wrinkle in Time
Steven Hart - The Last Three Miles
David Sedaris - Me Talk Pretty One Day
Karen Armstrong - The Spiral Staircase
Charles Larson - The Portland Murders
Adrian Wojnarowski - The Miracle of St. Anthony
William H. Colby - Long Goodbye
Steven D. Stark - Meet the Beatles
Phil Stanford - Portland Confidential
Rick Moody - Garden State
Jonathan Schwartz - All in Good Time
David Sedaris - Dress Your Family in Corduroy and Denim
Anthony Holden - Big Deal
Robert J. Spitzer - The Spirit of Leadership
James McManus - Positively Fifth Street
Jeff Noon - Vurt

Road Work

Miles run year to date: 345
At this date last year: 211
Total run in 2013: 257
In 2012: 129
In 2011: 113
In 2010: 125
In 2009: 67
In 2008: 28
In 2007: 113
In 2006: 100
In 2005: 149
In 2004: 204
In 2003: 269


Clicky Web Analytics