[CPEO-BIF] Portland (OR) plans to redevelop 25 properties by Portland Harbor Superfund Site

["Robert Hersh" <b_hersh@verizon.net>]

Brownfields inch closer to redevelopment
Portland Business Journal 
Wednesday, October 3, 2007
by Matthew Kish 

A national panel of experts announced an aggressive series of
recommendations Wednesday for redeveloping 400 acres of high-profile real
estate near the Portland Harbor Superfund site. The recommendations,
commissioned by several local agencies -- including the Portland Development
Commission and city of Portland -- include creating a new public-private
entity to buy the 25 properties, which have a conservative value of $87
million. "Maximizing these brownfields is a very high priority of the
Portland Development Commission," said Mark Rosenbaum, chair of the
commission.

Other recommendations included selecting a single developer to spearhead the
sale of each property and creating a standard sale agreement for each parcel
listing government incentives available to purchasers of brownfields. Such
steps would streamline the process and create economies of scale, said the
panel.

...The work is considered critical because the metro area needs more than
double the amount of industrial land that is available in order to keep pace
with current growth forecasts. The land is also near existing infrastructure
and would eliminate the need to build costly new roads and railways.

For the entire article, see:
http://www.bizjournals.com/portland/stories/2007/10/01/daily23.html

Bob Hersh
CPEO

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