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August 19, 2016

Developers vie for Portland shelter site

PORTLAND (AP) — Seven companies have offered millions of dollars to buy a Portland property that had been slated to become a large homeless shelter.

The development companies offered between $6 million and $10 million for the warehouse, possibly complicating the City Council's plans to convert it into a shelter for up to 400 people, reported The Oregonian/Oregon Live.

Portland's sewer bureau had been taking offers for the 14-acre property. But last week, the City Council voted that the bureau should lease the space to the housing division for at least $10,000 a month.

The purchase offers, revealed Wednesday in response to a public records request, complicate an ongoing disagreement about the value of the property.

City officials don't know how much the shelter will cost or who will pay for it, but developer Homer Williams has promised to come up with private money to operate a mass homeless shelter. He didn't submit an offer to buy the waterfront property.




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