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Schnitzer proposes Centennial Mills project but wants more city subsidies

2014-10-25 09:24:47| Steel - Topix.net

Jordan Schnitzer and his company Harsch Investment Properties have proposed a $115.7 million redevelopment of the historic Centennial Mills waterfront site in Northwest Portland, but there's a catch. The concept being discussed by Harsch and the Portland Development Commission requires $38.5 million in public subsidies, but the city urban renewal authority has so far budgeted $16.2 million to subsidize the project.

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