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Portland leaders freak out as downtown property values plummet 50 more than 50%
5 months ago
278
Plummeting property values in downtown Portland are costing the city millions of dollars in tax revenue that would otherwise go to vital city services, as the city looks at a $92.8-million budget shortfall in the upcoming fiscal year.
The turndown in revenue is putting pressure on city leaders to re-imagine a downtown once filled with workers.
Perhaps no one is feeling the pinch like downtown restaurants and small businesses.
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