91视频

The has formally rescinded its offer to purchase the Portland Public Schools headquarters to build a baseball stadium.

Portland Diamond Project officials said Wednesday they would instead make way for the , a plan by civic boosters to reconnect the Rose Quarter to the street grid and reintroduce housing to the neighborhood.

The project team had in April offered $80 million to purchase the 10.5-acre property that houses school district offices and the Blanchard Education Service Center.

鈥淎lthough we were initially drawn to this property for its close-in location,聽access to transportation and its potential to be transformative to the east bank of the Willamette,聽it became apparent to us that the聽Albina Vision聽Trust’s board of directors聽has a long-range plan for the building and the immediate area that will聽serve the overall community in a very meaningful way,鈥� Portland Diamond Project CEO Craig Cheek stated in a news release. 鈥淎lbina Vision’s focus on diversity聽and聽social equity is aligned with our mission, and we are putting our full support behind it.鈥�

School district officials had indicated they were in no rush to sell the property. The district in May issued a request for proposals for a commercial real estate broker.

The Portland Diamond Project was likewise unable to scoop up the ESCO Corp. property, which was sold to a group of real estate investors. The 22.45-acre, Northwest Portland industrial site was purchased for $33 million.

The Portland Diamond Project’s statement said the group would announce property options for a ballpark within Portland city limits 鈥渋n a few weeks.鈥� Speculation has centered on riverfront sites including Zidell Yards and the Port of Portland‘s Terminal 2 area.