Portland Mayor Ted Wheeler called it one of the most complex and ambitious development projects the City has ever taken on. In a 5-0 vote Sept. 23, Portland City Council approved a set of agreements on how to redevelop a massive former USPS mail processing facility.
The agreement includes a commitment by the City’s private development partner, Continuum Partners of Denver, to pay prevailing wage on construction, and have its general contractor negotiate a Project Labor Agreement committing to use union labor.
It’s projected that Prosper Portland and City Bureaus will contribute $134 million over the life of the project, including $38.6 million for demolition, site preparation, and relocation of the post office; $12.4 million for streets, signals, and utilities like sewers; $36.6 million to extend the Park Blocks and construct part of a planned Green Loop linear park.
