10/14/2008 (3:04 pm)
Oregon Convention Center renewal funds application deadline nears
The Portland Development Commission has set a deadline for project applications within the Convention Center Urban Renewal area.
The Nov. 21 deadline comes as PDC considers how to disperse funds within its commercial redevelopment program. The program provides financial assistance for property development or rehabilitation that supports urban renewal goals.
Such goals include redeveloping vacant and abandoned buildings, preserving historic buildings and adding transit-oriented development projects.
PDC’s commercial redevelopment program supplements primary financing. The money typically goes for acquisition, pre-development, construction and permanent financing low fee payday advance. The funding comes through tax-increment financing and must be tied to improving specific urban renewal areas.
The Convention Center urban renewal area contains 593 acres in Northeast Portland. The area expires in June 2013.
Applicants can attend an Oct. 21 PDC informational session regarding project eligibility. The hour-long meeting takes place at 4:30 p.m. in the PDC’s Commission Conference Room, 222 N.W. Fifth Ave.
Visit www.pdc.us/occredevloan for more loan program details.
No Comments
No comments yet.
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.