Gateway Pundit; In its never ending wisdom and good stewardship of the public purse, Portland has decided to spend $29 Million dollars on a 60-unit luxury condo building in the heart of the city’s upscale Pearl District. That comes to $483,333 per unit. For a condo. In an area where there is no parking. With the public on the hook for most of it.
In standard Portland operating procedure, it will please the greenies, by using an “innovative wood product called cross-laminated timber, or CLT, instead of steel and concrete.” Even more Portland-y, it will be called Framework and some organization called “Project^” is involved. Yes, Project^ is the name. With a “^”.
Courtesy of Willamette Week:
The building would be the nation’s tallest made of wood and serve as a public relations boon for the timber industry, but it’s also attracting critics because it would be far more expensive to build than a traditional concrete and steel structure.
“This might be a good project if we were not in a housing emergency,” says Jo Ann Hardesty, a candidate for the Portland City Council. “I’m just concerned we get distracted by the shiny new object.”MORE
SNIP: Oh, it’ll start at 29 million, but where will it end?