Voters Don't Hurt Convention Center Expansion

PORTLAND-By defeating a statewide ballot measure that threatened the $100 million project's revenue-bond financing plan, voters have given the go-ahead for construction to begin early next year on the 105,000-sf addition.

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

The project includes adding ballroom and meeting space on an existing surface parking lot, which would be moved underground. Bonds to pay for the project will be repaid with an increase in hotel and car rental taxes. The project is expected to dramatically increase hotel stays, which is good news for area hoteliers who have seen a glut of new hotel space dilute area vacancy rates and cause the Federal Deposit Insurance Corp. to christen the region "at risk" of overbuilding its hotel rooms.

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