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For Portland, Oregon's Centennial Mills, even demolition comes at high cost

from The Oregonian

Dealing with Centennial Mills has been on Portland, Oregon's to-do list since 2000, when the city bought the former grain mill. It's closer now than ever to a plan. Developer Jordan Schnitzer on Oct. 29 presented his $115.7 million redevelopment proposal to the Portland Development Commission. It would preserve key buildings and create a mix of public and private space in the North Pearl District — and would take a $38.5 million infusion of taxpayer dollars to fully realize. more

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