Wednesday, February 06, 2013

Guts: Lake Oswego City Council CANCELS Urban Renewal District; Private Money to be Used Instead for Foothills Development

As it should be. The Foothills development will now be built with private dollars with the impramatur of the City. Because of that, Lake Oswego tax payers will thank you for years to come.
The new council that took over in January, however, has a majority of fiscally conservative councilors who oppose urban renewal funding. It voted 4-2 to dissolve the district after hours of public testimony and discussion. Many against the district maintain it should be a private developer that should pay for infrastructure improvements
Story from Zero.

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