Tuesday, April 05, 2005
Downtown Portland Vacancies & Crime Up
After receiving hundreds of millions of dollars in subsidies to high-density housing, a streetcar, and other developments, downtown Portland is thriving -- at least relative so some other downtowns. But it has some of the highest vacancy rates in the region and crime is going up as well.
The Oregonian frets that the new city council won't be as interested in continuing tax subsidies and other support for downtown as the previous one, which was led by a mayor who grew up in New York City. As the paper reports, the former mayor "loved downtown Portland as only a former New Yorker could love it." The writer probably didn't remember that New York City once was nearly bankrupt due to all the subsidies it handed out to companies to stay in or move to Manhattan.
The Oregonian frets that the new city council won't be as interested in continuing tax subsidies and other support for downtown as the previous one, which was led by a mayor who grew up in New York City. As the paper reports, the former mayor "loved downtown Portland as only a former New Yorker could love it." The writer probably didn't remember that New York City once was nearly bankrupt due to all the subsidies it handed out to companies to stay in or move to Manhattan.
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