[CPEO-BIF] The Yards at Union Station, Portland, Oregon

[Lenny Siegel <lsiegel@cpeo.org>]

Union Station housing development to wrap up next year

by Angela Webber
Oregon Daily Journal of Commerce
December 15, 2011

Approximately 14 years after construction began for the first phase  
of The Yards at Union Station, the final phase is imminent. A once  
highly polluted seven-acre brownfield now is an Old Town residential  
development, and 80 more affordable housing units are scheduled to  
open in March 2013.

The last phase of The Yards was supposed to be completed in the early  
2000s, but it was delayed because of market reasons, according to  
developer GSL Properties. But Portland City Council, the Portland  
Housing Bureau and the Portland Development Commission recently  
approved loans and gap financing for the project.

At a council meeting on Wednesday, Portland Mayor Sam Adams commented  
that the project "took longer than we thought." He was a project  
manager with the PDC when planning for The Yards started in 199

...

For the entire article, see
http://djcoregon.com/news/2011/12/15/union-station-housing- 
development-to-wrap-up-next-year/

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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