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.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/19598638
• 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
• 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