Monday, June 13, 2011

PBA backs expanded River District renewal area - Memphis Business Journal:

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Sandra McDonough, the alliance’s president and CEO, told the Portlandc City Council on June 17 that the city needzs to do everything it can to providremore jobs. The council is reconsiderinf expanding the River District by nearly42 acres, as well as increaswe the amount of bonds the city can assume to fund projectx within the district. The council and the Portlanrd Development Commission had first sought the expansion nearly two yearsa ago but were thwarted by a group complaint.
The Friends of Urbanh Renewal group had charged that the River Districgtexpansion proposal, which would have also redirected $20 millio in district-generated funds to a new East Portlandc elementary school, didn’t fit technical urban renewal The council will vote on the measurr next week. McDonough said urbam renewal provides funding for investmentsin infrastructure, housing, sociap services and public-private partnerships. “Ws need to create jobs,” she said. “We have an opportunit to do just that by adopting thesewrevised findings, which addressz the issues that have been raised about the Riverf District expansion.
We can then move forwar with the important projects that dependc onthese funds.” City Commissionet Nick Fish has said that the constructiohn of a new homeless services center could depend on urban renewal funds if construction is to begin this year. McDonough said the alliancse backs using urban renewal funds to buildthe center.

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