Please email City Council and Mayor Wilson to tell them that we strongly oppose the City’s “economic development” agency, Prosper Portland’s, recent decision to waste seven million dollars on a development project that has been rejected by other local governments, community leaders, and private investors.
As Sophie Peel recently reported in Willamette Week, a group called “Made in Old Town” persuaded Prosper Portland to provide them with a loan on terms that violate Prosper Portland’s own guidelines for commercial loans — for a greater amount, at a lower interest rate, and with a longer payback period than they advise.
We need to spend our valuable resources on safe and healthy classrooms, emergency services, affordable housing, Portland Street Response, Parks and recreation, police accountability, and all the other projects that keep our city livable!
1. Prosper Portland should rescind this offer, and
2. Prosper Portland should be audited, to prevent it from making further damaging giveaways.
Contact:
Mayor Keith Wilson: mayor.wilson@portlandoregon.gov; mayor@portlandoregon.gov
District 1 Councilors: councilor.avalos@portlandoregon.gov, councilor.dunphy@portlandoregon.gov, councilor.smith@portlandoregon.gov
District 2 Councilors: councilor.pirtle-guiney@portlandoregon.gov, councilor.kanal@portlandoregon.gov, councilor.ryan@portlandoregon.gov
District 3 Councilors: councilor.morillo@portlandoregon.gov, councilor.koyamalane@portlandoregon.gov, councilor.novick@portlandoregon.gov
District 4 Councilors: councilor.green@portlandoregon.gov, councilor.clark@portlandoregon.gov, councilor.zimmerman@portlandoregon.gov