Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ASTORIA, OR-City and Port officials here are joining forces in an attempt to develop a conference center it hopes will attract business to the area in the off-season. City officials confirmed for GlobeSt.com this week that the city council and the port commission both voted to move forward with the idea last week.

A 30,000-sf project would reportedly cost about $5.5 million, according to the agencies. Annual operating costs are estimated at $150,000.The city expects to fund the facility, which would be built on port land, with a two percentage point increase in the hotel-motel tax from 7% to 9%. The city also plans to create an urban renewal district that will allow it to use taxes from increased property values.

First, however, the two agencies will talk with business owners, county commissioners and hotel owners to better understand the effort they are undertaking and how to avoid pitfalls. In the meantime, the Port will start by retaining an architect to begin designing the project, and the two agencies will file a joint application with the Oregon Economic and Community Development Department for a low interest loan.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.