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Portland could forego $63M for parks, other capital projects to spur homebuilding

Portland could forego $63M for parks, other capital projects to spur homebuilding

Portland could forego $63M for parks, other capital projects to spur homebuilding

Published on: 06/14/2025

This news was posted by Oregon Today News

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Description

The idea to pause system development charges emerged from a group of developers and other housing stakeholders convened by the mayor and governor to find ways to reverse Portland’s apartment construction slump.

A plan sponsored by Mayor Keith Wilson and Gov. Tina Kotek to waive all housing development fees to accelerate Portland’s homebuilding goals could cost the city up to $63 million for parks, transportation and other infrastructure over three years, according to new city estimates.

News Source : https://www.oregonlive.com/business/2025/06/portland-could-forego-63m-for-parks-other-capital-projects-to-spur-homebuilding.html

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