Overall our strategy is to increase housing opportunities to support jobs, maintain a competitive business climate, invest in our neighborhood infrastructure to support their growth and development, and keep a ready workforce for our targeted industries. Rethinking our own city organizations as our resources dwindle because of property tax limitations is essential if we are to meet tomorrow s challenges. Development and redevelopment in Portland today is more complex. It requires more creativity and ingenuity that ever. Standards are tougher.
Public concern is intense.
The good news is that even as we continue to loose corporate headquarters because of corporate restructuring and national mergers, the downtown continues to flourish. We will be adding close to 380,000 sq. Allow me to share to examples of how things work in this city. A growing business district in Lloyd Center collaborated with its residential neighbors and with the city to achieve a goal of a three fold increase in transit use by its employees. The employers in the business district will buy each employee an annual or monthly bus pass.