So, who's buying the Custom House?
We were supposed to find out by now who agreed to pay $4.74 million for the old U.S. Custom House on the North Park Blocks in Northwest Portland -- nearly twice the amount bid on it in a deal that cratered last year. According to this story, the deadline for plunking down a deposit was last Thursday. We were thinking some local government entity or another, but a reader suggested that it was a wealthy philanthropist who's going to fix it up as an art museum.
| Posted at 8:44 AM | Permalink |
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Comments (9)
Can we assume that would be a Tax Deductible donation/gift with naming rights retained?
Posted by Abe | March 12, 2012 9:49 AM
The PDC is buying it for $4.74 million, then it will spend $15 million to renovate it to LEED Platinum standards as a jobs creation project, and then will flip it for $1.00 to a "green energy" company.
This is, of course, completely separate and in addition to the Sustainability Center.
Posted by Erik H. | March 12, 2012 9:53 AM
Pete Mark
Posted by veiledorchid | March 12, 2012 12:16 PM
Maybe Chris Dudley is planning to let Randy Leonard set it on fire.
Posted by Allan L. | March 12, 2012 1:28 PM
A wonderful courtyard.
A wealthy philanthropist would be preferable than PDC buying it.
The only connection I would like to see about PDC (if a museum)
would be a room dedicated to the history of PDC, the beginning and then its end.
In that room, along with photographs of projects, most importantly would be tables with documents under glass that for many years the public was not privy to...
all a part of our city history in a museum.
Posted by clinamen | March 12, 2012 2:08 PM
Gasp!!!! That last comment sounds plausible...WAY too plausible.
Will there be a room dedicated to the history of Sam and Vera?
Posted by Erik H. | March 12, 2012 2:33 PM
Art museum would really be ideal. Apparently there's a grand staircase that makes redeveloping the thing into condos unprofitable. Said staircase would make a killer entrance to an art museum, though. Here's hoping some rich person in PDX cares enough about art to make this happen.
Posted by Andrew S | March 12, 2012 8:36 PM
"Will there be a room dedicated to the history of Sam and Vera?"
A rogues gallery, perhaps?
Posted by Starbuck | March 12, 2012 10:59 PM
The Buyer is Eastern Real Estate LLC a Massachuseutts based over of 10 million square feet of office and retail projects.
Posted by Brian Owendoff | March 14, 2012 10:35 AM