This Week in the Mercury
Monday, April 13, 2009
Portland / News Portland Makes The New York....Post
Posted by Matt Davis on Mon, Apr 13, 2009 at 9:47 AM
The New York Post says Portland is planning to sell $36m in zero coupon bonds to pay for the soccer deal. That's double the $18m we had been hearing until now.
In a move that some civic leaders called a bit hasty, Mayor Sam Adams pushed through a deal that would raze Memorial Coliseum and replace it with the new minor league baseball park and retail shops.The aging PGE Park would then be renovated into a soccer-only stadium. To get all this done by 2011, the financing has to be lined up by September.
Portland, like most cities these days, is strapped for money and financing a stadium for the son of a multimillionaire isn't exactly on the top of its to-do list.
A 3-2 city council vote allowed the issue to proceed but credit markets will have to thaw before the deal can be finalized.
We're trying to ascertain whether the $36m figure is an error.
Most Commented on Blogtown, PDX
-
KATU Poll Brings Bad News for Fluoridation Campaign by Denis C. Theriault
-
Slate: What's the Matter with Portland? by Dirk VanderHart
-
Everything Is Terrible and I Want a New Job. by Alison Hallett
-
Mike Daisey "Drank Some NyQuil" Before Commenting on Blogtown by Alison Hallett
-
This Week in Sex by Rose Finn
-
PTERODACTYL MONSTER ALERT by Erik Henriksen
-
Film Critics: Nervously Boarding a Star Trek into Obsolescence by Bobby Roberts
-
Unsurprising: Kerns Neighbors Might Fight a New Apartment Building by Dirk VanderHart
-
Obama Has "No Apologies" for Spying on Reporters by Dominic Holden
-
Arts Tax Deadline Delayed. Again. Because of Procrastinators. And the City's Balky Website. by Denis C. Theriault
Our Friends
- UrbanHonking
- Culture Shock
- Portland Roundball Society
- Steph Cassano
- Cort and Fatboy
- Street Roots
- Powell's Books Blog
- Portland Transport
- Portland Afoot
- Bike Portland
- Eater: PDX
- Portland Food and Drink
- Mr. Movie
- Sunday Softball
- BlueOregon
- Sightline Institute
- Ultra: Arts Portland
- Bitch Magazine
- Blazer's Edge
- Reading Local: Portland
- Portland Food Carts
- Stumptown Vegans
Our Enemies
RSSGoing to Seattle?
