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This page contains a single entry from the blog posted on December 15, 2011 9:27 AM. The previous post in this blog was It does not compute. The next post in this blog is That's the way the infrastructure crumbles. Many more can be found on the main index page or by looking through the archives.

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Thursday, December 15, 2011

New neighbors for Bud Clark

They're planning a six-story, 140-unit apartment bunker across Jefferson Street from the former mayor's watering hole. Part of the property is currently owned by Tri-Met, which could make for an interesting land transaction.

But here's a feature of the plan that makes no sense: The building will have three stories of underground parking. For cars! Evil cars. Even though the building is on the sacred MAX line to Hillsboro. What are these developers thinking?

Comments (6)

The new apartment dwellers may not want to ride with strange people on MAX. And there are so many destinations that are beyond MAX light rail. Doctors, businesses, jobs...Oh yes, they'll need a job and it may not be close to MAX. And what about night and graveyard shifts?

"The building will have three stories of underground parking.... What are these developers thinking?"

That they actually want their units to be marketable, rather than to make some planners happy.

What boggles my mind is how many other developers can't seem to figure that out.

Perhaps differences are related to how much public subsidy the development receives? Given the heavy hand of planners I can't imagine that funding doesn't come with strings attached to encourage builders to build what they otherwise know there is little market for.

Perhaps the big difference is what neighborhood these developments are built in.

Remember the complex near 39th Division being built without any parking?

I stopped reading when I read that TriMet is the owner of the property.

WHY?!!!

TriMet is not a land development agency. It is a transit agency.

And it had BETTER earn a positive return on investment.

Aren't all local government agencies now DBA real estate development agencies? Or is it vice-versa?




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