Comments on: Beaverton buys property, hopes developers will follow /news/2011/05/31/beaverton-buys-property-hopes-developers-will-follow/ Building and Construction News in Portland, Oregon and the Pacific Northwest Wed, 13 Jan 2016 20:49:24 +0000 hourly 1 https://wordpress.org/?v=6.6.6 By: E /news/2011/05/31/beaverton-buys-property-hopes-developers-will-follow/#comment-63650 Wed, 01 Jun 2011 19:05:36 +0000 /?p=72733#comment-63650 It will probably take three years to get through the City of Beaverton’s permitting process…

]]> By: Steve /news/2011/05/31/beaverton-buys-property-hopes-developers-will-follow/#comment-63593 Wed, 01 Jun 2011 03:59:15 +0000 /?p=72733#comment-63593 “said city governments typically don’t buy land to serve as a pass-through”

BS – Mr Winkler ever hear of Homer WIlliams or Gerding-Edlen? They get shoveled money by the car load to build in certain places. Examples:

– Gerding-Edlen’s building leased by Vestas who got a $10M interest-fre loan from CoP to do tenant improvements – Straight to G-E
– Homer’s land in SoWa that he sold to CoP for 2x what he paid (considering he bought in 2007 and sold in 2009 at the bottom), then had the nerve to charge an additional $1.2M for project “management” which means he sits and watches.

These URAs are designed to funnel money to dvelopers once the politicians see that no free-market sane developer would touch any project.

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