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Portland Development Corporation considering low-interest loan pool to address downtown vacancies
2476322 · February 25, 2025
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Summary
Portland Development Corporation reviewed a proposed program to use downtown TIF funds to seed a low- or no-interest loan pool for tenants to make storefront improvements; PDC signaled support and staff will return with more details and a complementary vacancy ordinance.
Greg Watson, director of housing and economic development, gave a verbal update on the Portland Development Corporation’s (PDC) ongoing work to address downtown commercial vacancies.
Watson said the PDC met and agreed "they want to do something" to reduce…
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