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Lawmakers hear support for $8.75 million in lottery bonds for Williams and Russell business hub in Albina
Summary
Lawmakers heard broad support March 20 for Senate Bill 11‑10, which would authorize lottery bonds producing $8,750,000 in net proceeds to help fund the Williams and Russell business hub in Portland’s Albina neighborhood.
Salem, Ore. — Lawmakers heard broad support March 20 for Senate Bill 11‑10, which would authorize the state treasurer, at the request of the Department of Administrative Services, to issue lottery bonds yielding $8,750,000 in net proceeds and interest earnings to fund the Williams and Russell business hub in Portland’s Albina neighborhood.
The funds would be transferred to the Department of Administrative Services for distribution to Williams and Russell CDC to develop office and retail space, professional development and workforce training capacity, and other small‑business supports on the Hill Block. Committee staff described the measure as a targeted lottery bond authorization; the bonds must be issued by June 30, 2026 if the measure is enacted.
Supporters called the project a restorative investment. “This funding is a crucial step and a long overdue effort to restore economic opportunity and justice to a community that has faced decades…
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