The Portland City Council pushed ahead Wednesday with a plan to invest millions of dollars in an urban renewal area around Portland State University.
City commissioners voted to invest up to 169 million dollars in urban renewal for a 144-acre area near Portland State. Critics argued the renewal area would take money away from city, county, and school services.
Portland Mayor Sam Adams predicted the city would see major returns on its investment in PSU.
“I would say to NYU, New York University, ‘look out’ because that’s PSU close on your heels in becoming the best urban university in North America,” says Adams.
PSU president Wim Wiewel called the area a, “long-term investment in education and economic development.”
Amanda Fritz was the only dissenter on council. She accused her colleagues of sending tax money into an area that she suggested was no more blighted than much of Portland. Fritz is defending her commission seat in a November runoff against state representative, Mary Nolan.