Just what Portland doesn't need
More office space. Maybe Congress ought to come up with a new LEED Platinum chapter of the bankruptcy code.
| Posted at 10:35 AM | Permalink |
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Comments (5)
In New York, they use inflatable icebergs to hide their stalled developments.
If Portland used icebergs to cover up its planning failures, we'd be overrun with polar bears ...
Posted by Garage Wine | June 22, 2010 11:09 AM
"a new LEED Platinum chapter of the bankruptcy code."
I will definitely feel a twinge of guilt whenever I steal that line, which I anticipate happening a lot. Good one!
Posted by George Anonymuncule Seldes | June 22, 2010 11:09 AM
PDC will just 'borrow' the money and hand it over to the developers, as they have done before, and another empty building will grace the streets of Portland, paid for with non existent tax dollars.
Posted by portland native | June 22, 2010 11:39 AM
I am relieved to hear it is just "financing" that is the issue, not a lack of tenants.
“Even the best of projects have been getting stalled because of financing issues,” Leverenz said. “It’s making it very challenging on our end. The financing nightmare paired with permit people being laid off at the city means projects are taking longer to go through to the construction phase.”
Posted by pdxjim | June 22, 2010 12:51 PM
Brasilia in reverse (Portland, circa 2012).
http://www.youtube.com/watch?v=X_-XSGcjIhM
Posted by Mojo | June 22, 2010 10:02 PM