| Beaverton Round received $10 million or more
in tax breaks or other subsidies,
then went broke . |
 |
 |
Garage
may rise at Round
What happened to the walkable community ?
Where are the shoppers and residents coming
and going using transit?
Taxpayers have spent millions of dollars in
subsidies and tax breaks for this Smart Growth project. We were told
it is a model to get people out of their cars. Now they want the tallest
building to be a parking garages, supporting
the Beaverton Round.
The developer of the Round at Beaverton Central is proposing a seven-story
garage with
360 parking stalls. The 75-foot building would be the tallest structure
in Beaverton, said
Linda Adlard, the city's chief of staff. LDP is planning a
second garage for the north side of the development. It will have about
400 spaces. The garage will not be used as a park-and-ride lot for the
MAX light rail, Kleiderman said.
Beaverton
is dissatisfied with progress on Round. Again!
"The city says the developer is lagging, but
the firm insists the city has unrealistic expectations" Maybe they are
both right. Smart Growth projects in the Portland Metro area need public
subsidies because they are unrealistic if the goal is to attract tenants,
customers and make a profit. Smart Growth planners use a different set
of rules when they design a project, they are not just risking the developers
money but they are also risking the taxpayers in the way of subsidies to
the project. The bottom line is usually unrealistic and many times the
taxpayers are on the hook to bail them out when they fail.
Developer,
city wrangle over the Round progress
The Beaverton Round faces bankruptcy again.
It has been said that history repeats itself. We have been told by Metro's
Planners that the Beaverton Round is the Model for mixed-use development
along Portland west side max line. Taxpayers have poured millions of dollars
to this project that went bankrupt once before and appears ready to go
broke again. So much for Smart growth and sustainability.