This past week the Oregonian came out with a shocking conclusion in its Politifact Truth-O-Meter article. It seems that Sam Adams and Portland Streetcar are inflating not only the investment but the jobs that were associated with the streetcar and urban renewal districts.
The details can be found at Mostly False
What does this say about the proposed Portland -LO streetcar and the $458 million investment? The Oregonian article claims hundreds of millions of publicly financed projects were claimed by the proponents as private investment.
The LO council voted 4-3 in the spring to spend additional taxpayer funds to continue the study with the city of Portland. This is after Mayor Hoffman consulted with Sam Adams on the project and voted in favor of additional funding last spring.
Council members Tierney, Jordan, and Moncrieff voted with Mayor Hoffman to continue funding the project despite citizen testimony expressing deep concerns over its viability.
Sam Adams has decided not to run for re-election in 2012.
Please notify all members, contacts, and friends of these details.
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