EARLY WIN FOR PORTLAND RAIL LAND DEAL
The land development deal put together in June 1999 to support the tax-increment financing leg of a $125-million light-rail line to the airport in Portland, Oregon, has produced an agreement with a major retail developer to lease about one-third of the 120-acre (48.6-ha) site. Plans for the site include an 18-screen cinema and 380,000 sq ft (35,302 sq m) of retail and restaurant space with a total value of $80 million. Access to the fully assembled commercial site next to Portland's airport and nearby Vancouver, Washington, will be provided by two new highway interchanges and two light-rail stations. Talks are also underway with hotel and office developers. Portland's Airport MAX line is one of only a few transit projects in the United States to include construction funding from future real estate development.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/oclc/19598638
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Corporate Authors:
Public Works Financing
147 Elmer Street
Westfield, NJ United States 07090-2433 - Publication Date: 2000-4
Language
- English
Media Info
- Pagination: p. 3-4
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Serial:
- Public Works Financing
- Volume: 139
- Publisher: Public Works Financing
- ISSN: 1068-0748
Subject/Index Terms
- TRT Terms: Airports; Development; Financing; Light rail transit; Private enterprise; Real estate development
- Geographic Terms: Portland (Oregon); Vancouver (Washington)
- Subject Areas: Aviation; Finance; Public Transportation; Terminals and Facilities;
Filing Info
- Accession Number: 00792340
- Record Type: Publication
- Files: TRIS
- Created Date: May 15 2000 12:00AM