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Posted inHousing

The City Will Use Airbnb Money to Build Cheap Housingโ€”But Not Without Controversy

Nicole Cmar More affordable housing is coming to Portland, courtesy of your friends at Airbnb. Or something like that. As we previewed last week, Portland City Council took up a resolution today that will scoop up a minimum $1.2 million in “short-term rental” lodging taxes collected by Airbnb, VRBO, and similar services, and plop them […]

Posted inNews

The City’s Going to Have Another Plush Budget Year, According to Its Latest Forecast

Portland’s budget picture keeps getting rosier. A year after the city saw $49 million in surplus revenuesโ€”money it largely spent on transportation projectsโ€”city budget staffers expect an additional $11 million to play with in Portland’s general fund next year, according to a forecast released this morning. “This year will likely end up being the fastest […]

Posted inHousing

Hate Airbnb? At Least It’s Going To Help Pay For Affordable Housing

For all the controversy, and occasional shadiness, surrounding Airbnb’s emergence in Portland, the serviceโ€”and those like itโ€”have produced a reliable income stream. Last year, the City of Portland reaped an estimated $1.2 million from short-term rentals that are dotting the city. Now the city’s going to use that money building affordable housing. Mayor Charlie Hales […]

Posted inNews

PBOT Wants to Build a $6 Million Bike/Pedestrian Bridge Over I-405

PBOT As it casts about for new funding to maintain the city’s roads, the Portland Bureau of Transportation’s also setting its sights on bridge-building. Not metaphorically, either. PBOT wants to build a new steel bike and pedestrian bridge over I-405. In a grant application filed with the Oregon Department of Transportation in October, the bureau […]

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