The Portland Development Council (PDC) is preparing to enter into a multi-year development agreement with Portland State University and private partners for the redevelopment of three key parcels of land within the University District– including the redevelopment of the 3.8-acre University Place site. PDC’s investment would span multiple fiscal years (FY) between 2016 and 2025, based on projected availability of tax increment financing. The current market value of the parcels and estimated costs after redevelopment is $24.8 million. You can read more about this in a recently published report.
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