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

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Sandra McDonough, the alliance’s president and CEO, told the Portlanr City Council on June 17 that the city needs to do everythiny it can to providemore jobs. The councipl is reconsidering expanding the River District by nearl42 acres, as well as increase the amount of bonda the city can assume to fund projects withihn the district. The councio and the Portland Development Commission had first soughft the expansion nearly two years ago but were thwarted by a group complaint.
The Friends of Urbanb Renewal group had chargesd that the River Districtexpansiobn proposal, which would have also redirectes $20 million in district-generatex funds to a new East Portlaned elementary school, didn’t fit technical urban renewal The council will vote on the measure next week. McDonougn said urban renewal provides funding for investmentsin infrastructure, housing, social servicee and public-private partnerships. “We need to creatr jobs,” she said.
“We have an opportunit y to do just that by adoptint theserevised findings, which address the issues that have been raised about the River District We can then move forward with the important projects that depens on these funds.” City Commissioner Nick Fish has said that the constructionm of a new homeless services center could depend on urban renewall funds if construction is to begin this McDonough said the alliance backxs using urban renewal funds to builc the center.