Fire Sale of its Biggest Building Gives Socialist Portland City Council Brutal Lesson in Taxes

News for Reasonable People:

We break down how Portland’s “woke” leadership created a downtown wasteland where businesses board up windows faster than they can say “defund the police,” and how one fire sale just triggered a tax revenue avalanche that’s about to crush their bloated city budget.

From Antifa street theater to empty storefronts, we explore why nobody wants to touch Portland commercial real estate with a 10-foot pole. Is anyone surprised that a city prioritizing virtue signaling over basic safety can’t keep businesses downtown?

What happens when your tax base collapses because you’ve turned your city into a case study of how NOT to govern? The wheels are coming off, and the socialist council members are scrambling to understand why businesses don’t want to operate in their urban paradise.

h/t JDHasty

19 Comments on Fire Sale of its Biggest Building Gives Socialist Portland City Council Brutal Lesson in Taxes

  1. They lost $2M in taxes on that building alone. That building will be rented out for 40% of what every other commercial real estate in Portland goes for. Their property values will drop by 70% minimum. Portland is finished.

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  2. It is very unfortunate that the faux reasonable personas over the last forty years have pretended the communists aren’t actually communists. This has allowed the communists to infiltrate and take over most all large cities and most state governments as well as occupying nearly all government bureaucratic employment at all levels.

    Portland is smoked, Seattle is smoked, Vancouver, Spokane, Tacoma, Olympia, all Washington state is utterly destroyed. The flesh is not yet falling from the bone, but the stench of decay is heavy in the air.

    Once the communists have destroyed everything to the point they aren’t able to suck any more pelf, grift, graft or fraud out of it they will move on to rounding up the ‘excess people’, the ones left after the MRNA does its work slaughtering the useless eaters, and putting them into Clintoonian ‘happy camps’. Meh… maybe so, maybe not. But the destruction is real, and it is continuing apace.

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  3. Is Meier & Frank still in downtown Portland or only at Lloyd center? I worked as a janitor at the downtown Meier & Frank in 1971 for $2.71 an hr. union wages and later at Lloyd Center in 72 before I joined the Navy at the end of August 1972. There is no way in hell that I would live in Portland now or even want to visit Portland. Not even to go to Powell’s bookstore which was my favorite bookstore on the west coast.

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  4. @ Walter MONDAY, 3 NOVEMBER 2025, 11:39 AT 11:39 AM

    I told a friend that in my opinion to assist in any way his activist progressive/Marxist/Satanist brother’s family in their move out of the shithole they helped to destroy to a community that has not been infiltrated, taken over and destroyed makes him knowingly and willfully complicit is spreading that predatory disease. He threw a walleyed fit and then I guess he ran it by his wife and she told him she feels the same way.

    He called me yesterday to apologize but said he didn’t know what to do now. I’d tell the brother to go pound sand, but that’s just me. He has trucks a couple large enclosed trailers and my understanding is it would cost the rotten bastard $30K minimum to hire a moving company to haul his shit half way across the country. It’s a competitive market and there are a LOT of people wanting to get the hell out.

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  5. Bought by the CEO of Swickard Auto Group. 37% of employees left reviews saying they would work for them again. I had a relative, now retired, who worked for automotive dealerships his entire career. They have a reputation that precedes them. They are a cut corners outfit and have always been. They started buying up dealerships about ten years ago and it was them and Lithia Auto Group he would never work for. https://www.glassdoor.ca/Reviews/Swickard-Auto-Group-Reviews-E2527181.htm

    To his credit, he was in high demand and he was able to choose who he worked for.

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  6. J the A, no. Meier and Franks is long gone. NO ONE in their right mind will go near Lloyd Center. The area is full of Obama sons who have a proclivity towards theft, vandalism, and violence. The homeless situation is downright repulsive. The bankrupt city of Portland wants to turn Lloyd Center into high density housing to make room for more parasites who are guaranteed to vote commie and do not contribute anything to society. There is no hope. Portland will never recover.

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  7. @ Wylie MONDAY, 3 NOVEMBER 2025, 13:12 AT 1:12 PM

    Fredrick & Nelson, The Bon Marche’, Eddie Bauer, JC Penny, Sears and Payless Drugs all had guns for sale in their Seattle locations when I was a kid. The first three had a full service gun shop with a gunsmith on duty. I think Meyer & Frank did too.

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  8. I didn’t know it was that bad with Lloyd Center turning into a hangout for ghetto rats. It was totally upscale in the early 70’s. I thought most of the ferals lived on the other side of the Multnomah River in SW Portland and not on the NW side of Portland, at least it used to be that way. And to think that back then I rode my bike everywhere in and around the downtown area and NW Portland with no problems and was not worried about my safety. My roommate and I lived on the Multnomah Slough west of the St. John’s bridge on a houseboat across from Sauvie Island how bad is that area now or has it escaped the decline of Portland into chaos as well.

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