What will Portland's newest urban-renewal zone around Portland State University do?


Advocates argued the plan would help PSU expand its classrooms and draw additional grants, strengthening its academic reputation. But detractors said the 28-year zone would boost PSU at the expense of Multnomah County and Portland school districts, because the zone would divert property tax revenue from those agencies.

Read the full article here. Discuss below.

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    This misnamed Education Urban Renewal Area was a bad idea from the start. It was not good for education, not good for urban renewal, and not good for economic development. It takes funds from those who have little and gives it to those who have a lot. I blogged and picketed against it (see here and here for examples).

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    Is anyone else astounded that city council can vote to simply ignore the word "blight" in the law enabling urban renewal? Can anyone bring suit against the action?

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