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Owner of tower with Ritz-Carlton will pay Portland millions under new deal, records show
Owner of tower with Ritz-Carlton will pay Portland millions under new deal, records show
Owner of tower with Ritz-Carlton will pay Portland millions under new deal, records show

Published on: 04/07/2026

This news was posted by Oregon Today News

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An exterior shot of the Ritz-Carlton hotel in downtown Portland in fall on Wednesday, Nov. 12, 2025.

The city of Portland has struck a deal with the new owners of the Block 216 tower, known for its Ritz-Carlton hotel and condos, to pay an approximately $7.8 million fee after its prior owner declined to put affordable housing units in the building, The Oregonian/OregonLive has learned.

News Source : https://www.oregonlive.com/business/2026/04/owner-of-tower-with-ritz-carlton-will-pay-city-millions-under-new-deal-records-show.html

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