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Wednesday, November 17, 2010

Blazers Get Rose Quarter Development Rights for Another Six Months

Posted by Sarah Mirk on Wed, Nov 17, 2010 at 1:53 PM

This morning city council approved a six-month extension of the Trail Blazers' exclusive development rights in the Rose Quarter, but not without some pushback from ol' Randy Leonard. Trail Blazer's development group Portland Arena Management (PAM) has been engaging in some strategery to remake the Rose Quarter as "Jumptown", a 24-hour "entertainment district." PAM's special development rights over Memorial Coliseum and the money-making Rose Quarter parking lots was set to expire November 24th, but the council vote today gives the group another six months to come up with a solid plan to redevelop the area.

Commission Leonard had this to say: "Mayor Adams would have been on solid ground if he'd come today and said that given that given that this agreement has been existence for nearly two decades, it's time to look at another entity to assign the development rights to."

But after the fingerwagging, Leonard went ahead and voted for the extension. By May 24th, the Blazers and Portland Development Commission are supposed to come up with a plan for initial improvements to the Rose Quarter, including a financial plan and a community benefits agreement.

A longer timeline clock is ticking on this area, too: $20 million in urban renewal funds for Convention Center Urban Renewal Area (which includes the Rose Quarter) expires in 2013.

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