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Plummeting property values in downtown Portland are costing the city millions of dollars in tax revenue that would otherwise go to vital city services, as the city looks at a $92.8-million budget shortfall in the upcoming fiscal year.
The turndown in revenue is putting pressure on city leaders to re-imagine a downtown once filled with workers.
Perhaps no one is feeling the pinch like downtown restaurants and small businesses.
By Sean Reynolds4.4
8787 ratings
Plummeting property values in downtown Portland are costing the city millions of dollars in tax revenue that would otherwise go to vital city services, as the city looks at a $92.8-million budget shortfall in the upcoming fiscal year.
The turndown in revenue is putting pressure on city leaders to re-imagine a downtown once filled with workers.
Perhaps no one is feeling the pinch like downtown restaurants and small businesses.

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