PORTLAND, Ore. (KATU) — 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…