City Redevelopment Agency Purchasing Northeast Properties

PORTLAND-The Portland Development Commission, the city's development arm, has reached tentative agreement for the purchase of three properties in Northeast Portland as part of its redevelopment plan for the King Neighborhood.

By Brian K. Miller | November 13, 2000 at 01:01 AM

Two of the properties – the vacant Walnut Park Theater at 5029 N.E. King Blvd. And an adjacent, undeveloped lot – the PDC has agreed to pick up for $385,000. The third property, the Marco Machineworks site at 5225 N.E. King Blvd., is being acquired for $1.357 million. The plan is to resell the properties to developers who will build mixed-use developments on the properties before 2006.

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