According to representatives from the town, Cacoulidis has notyet submitted any formal plans to the city, but he has met oncewith some town officials here. Cacoulidis also plans on talking toresidents this evening at a public information meeting about hisvision for the site.

Tex Haeuser, planning director for the town, tells GlobeSt.comthat Cacoulidis' plan involves a convention center, a hotel, anocean liner dock and a cable car system that would connect thiscity to Portland proper. Cacoulidis is looking to build up to 640feet on a site that currently allows a maximum height of 86 feet.The area is also currently zoned for office and light industrial,says Haeuser, necessitating a zoning change for the project to goahead.

Haeuser terms the project "wildly unrealistic" because of theheight, the traffic it would generate and the views it would block."It is changing the character of the community," he says.