Friday, August 12, 2011

City Of LO commits to 2 Year Lease of former Laceys property at $135,000 per year to investigate North Anchor Project Potential

To All COLA LO Members,

The city announced this week it has entered into a lease/option agreement with the owners of the former Lacey's at 500 First st.   Its cost will be approximately $135K per year to the taxpayers as the City looks at the potential for the North Anchor urban Renewal project in downtown Lake Oswego.

Early comments on the article are strongly negative on the spending level without a specific plan in place to identify what will be redeveloped and how.

 City Spends $135K a year on Vacant Lacey's Property

Please notify all members, contacts, and friends.   

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