Has Old Town reached a tipping point?
Portland Business Journal by Wendy Culverwell , Business Journal staff writer
Date: Wednesday, May 2, 2012, 2:37pm PDT - Last Modified: Thursday, May 3, 2012, 10:35am PDT
http://www.bizjournals.com/portland/...&ed=2012-05-02
Quote:
Is Old Town Chinatown at the tipping point?
It could be years before the question is answered with any degree of certainty. Still, investments in Old Town are adding up, hinting at a future that doesn’t rely solely on social service agencies that dot the district or its reputation for drug-related crime.
The University of Oregon moved to Old Town in 2006. Mercy Corps made Old Town its headquarters a short time later. The Portland Development Commission calls it home. The Max light rail line traverses the neighborhood.
The city of Portland teamed with affordable housing advocates to install the Bud Clark Commons residential project near Union Station. Even the train station has a new roof and a few other upgrades befitting its iconic status.
And the newcomers keep arriving...
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