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Urban Renewal in Portland takes Money from Everyone to Build Private Hotel Hell 

6/27/2014

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Hey Folks,

The city of Portland has to take money from everyone who pays incomes taxes every time it takes public money from Urban Renewal and shells it out to private investors.  This effects everyone no matter where you live in the state.  The article below explains how this is working for one UR project in the city. 

The state has to back-fill the Portland school districts that sacrifices money to the Urban Renewal area.   The states equalization program is used to siphon state income taxes and
funnel that money into the city's economic development fund using the back-fill process.  Since Portland is the largest city with the highest population, the amount of money is much more than what the other cities and counties can receive in government compensation, which gives the more densely populated areas an economic advantage over the less populated areas using a program that was suppose to make all the schools in the state financially equal. 

Another problem is that it pits urbanized cities against the rural counties, which turns the Urban Renewal program into a Rural Destruction program, becasue all the taxpayers of the entire state has to make up for the money the state government gave to the Portland school district.  The city officials also have the power to determine who will and who will not get this money, thus controlling who does business in the city.  The term for all of this is economic fascism and this is happening all over the United States....Rob T. 
Metro approves hotel plan, opponents complain
http://portlandtribune.com/pt/9-news/225481-87873-metro-approves-hotel-plan-opponents-complain

Picture
Initial project costs are $212 million. The budget consists of more than $130 million in private financing, $18 million in direct public investment and the issuance of $60 million in revenue bonds that will be repaid by lodging tax revenues generated by the new hotel’s visitors.

“When we set out over two years ago to find a private sector partner to invest in our community, we pledged to limit costs and maximize benefits for the public,” Metro Council President Tom Hughes said of the vote. “This plan achieves those original goals, targets strategic investments in our state’s tourism economy and promises generous returns for many years to come.”

In response, the Coalition for Fair Budget Priorities, which is comprised of local hotel owners, issued a statement which said, “The Metro Council vote today was as disappointing as it was predictable. We have know for more than a year that Metro intends to push forward this misguided deal no matter how high the risks are for the public, and they simply confirmed the obvious today."

Related Posts:
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Open Letter to the Coos County Board of Commissioners about the SCCF 
County Elections Questions from a Constituent for County Commissioner Cribbins
BOC---Cowardly, Commissioners Cribbins & Sweet Betray the Voters of Coos County
Unanswered Questions about the South Coast Community Foundation
MGX---CEP/SCCF will Impact ALL of Oregon
AFP---Information on the CEP/SCCF Presentation at the Red Lion on May 1, 2014
Letter to Editor---SCCF Should pay for Coos Bay Sewer Upgrades
Letter to Editor---Promises in the Dark with the Jordan Cove Project
BOC---Public Meetings Coos County Planning Changing Land Use Laws
Letter to Editor---County Politicians Keeping Public in the Dark on SCCF
RPCC---Republican Monthly Meeting "Candidate Forum" April 24, 2014
Critique of the BOC Town Hall in Bandon---"PUT IT ON THE BALLOT"
BOC---Public Meetings on South Coast Community Foundation "Put it on the Ballot"

BOC---Public Meeting for Vote on South Coast Community Foundation April 1, 2014

Letter to Editor---South Coast Community Foundation Scam will Top All Past 
MGX---Geddry Slams Koch over Forced Cooperation & Jordon Cove Funding 
League of Oregon Cities Class of Slanted View on History of Urban Renewal in OR 
City of Bandon---Expanding Government Cheese
Urban Renewal---King Hales of Portland Master of Government Development
FBI Press Release on Charges Against Local Bandon Developer Michael Drobot
Urban Renewal---Read How Schools suffer to Support Wealthy Foreign Companies
City of Bandon---Local Developer Michael Drobot Admits to Bribery & Conspiracy 
Preserving the American Dream:  Lessons in Beating Boondoggles
Agenda 21---Sustainable Development & Regionalism
City of Bandon---Votes on the renewal of City Manager's Contract

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