As Portland sidewalk curb costs surge, city weighs hefty debt financing measure

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As Portland sidewalk curb costs surge, city weighs hefty debt financing measure

//business-finance.news-articles.net/content/202 .. ge-city-weighs-hefty-debt-financing-measure.html

Published in Business and Finance on Sunday, April 27th 2025 at 5:20 GMT by Oregonian

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

"Clearly, we have a problem with managing our assets."

2025-04-27 312 x 207 / 232087 Bytes

The article from OregonLive discusses Portland's escalating costs for sidewalk and curb repairs, which have surged due to inflation and increased construction expenses. The city is now considering a massive debt financing measure to address the backlog of repairs, estimated to be in the hundreds of millions of dollars. Portland's Commissioner of Public Works, Mingus Mapps, emphasized the urgency of the situation, noting that the deteriorating infrastructure poses safety risks and accessibility issues for residents. The proposed financing plan would involve issuing bonds to fund the necessary repairs over the next decade, with the goal of improving the city's sidewalks and curbs to meet current standards and enhance pedestrian safety.

Read the Full Oregonian Article at:
[ https://www.oregonlive.com/politics/2025/04/as-portland-sidewalk-curb-costs-surge-city-weighs-massive-debt-financing-measure.html ]

DIY Woodworking

Announcing The World''s Largest Collection of 16,000 Woodworking Plans

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DIY Woodworking

As Portland sidewalk curb costs surge, city weighs hefty debt financing measure

DIY Woodworking