News
Prosper Portland Weighs Office Building atop Convention Center Parking Garage

By Elliot Njus | The Oregonian/OregonLive

Excerpt:
Portland's economic development agency might top a parking garage already under construction near the Oregon Convention Center with a 10-story office building.

The agency, Prosper Portland, is building the $32 million parking garage alongside a 600-room Hyatt Regency hotel to serve the Oregon Convention Center.  Mortenson Construction, the Minneapolis firm behind the hotel, is also building the garage for Prosper Portland.

The hotel's construction is back by $60 million in revenue bonds tied to local lodging taxes, as well as a state grants and land provided by Prosper Portland.  The 442-space garage was intended to serve the hotel and the convention center.

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