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Thursday, June 26, 2008

 

Food Carts, Sharp Knives and the Boulevard



A long-delayed piece on the food cart lot in Sellwood finally ran in today's Oregonian. The article (attempts) to address some of the regulations that food carts have to deal with, and complaints that the rules are unclear, unevenly applied, and unfairly enforced.

Essentially, enforcement happens as a response to a complaint. Meanwhile, vendors can get the go-ahead to open and run their carts, only to find out after the fact that their factory-wired trailers are not in compliance with Portland code (though they may well work elsewhere).

Interesting issue, and an excuse to eat at Sellwood Corner lot a few times. Article includes a round-up of current vendors. Online version of roundup demonstrates miserable Oregonlive formating...no paragraph breaks or indents at all. COME ON!

Last Thursday, my profile of mobile knife sharpener Mike Kraft ran. I saw an ad for his services at Garden Fever one day. He didn't really want to do the piece, and when I called him to tell him it was running he said that work had been so busy he figured it had already run. Sorry Mike.

Finally, the saga of life on Northeast Martin Luther King Jr. Boulevard continues, with this article by Oregonian real estate reporter Ryan Frank. The Portland Development Commission okayed a deal that will let developers get a new loan to pay off an old loan, with that being contingent on signing more leases for the Heritage Building property.

That's a tough sell, unless they plan on leasing themselves the property. Heritage is mid-block, with spaces large enough to make tenants want off-street parking (despite the ready availability of mass transit).

What the article doesn't mention is that the long period of time that it took to bring this project to market (compared with a privately financed arrangement), due to the public nature of the process, probably made matters worse. The longer it takes to get the deal done, the more likely the market is to shift in its preferences and needs. A similar situation has plagued Kings Crossing. And, both buildings got the go-ahead without anchor-tenant leases signed. This is public financing of private speculation, and it's a dicey game.

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