PORTLAND — Seven companies have offered millions of dollars to buy Portland property slated to become a large homeless shelter.
The Oregonian/Oregon Live reports that the development companies offered between $6 million and $10 million for the warehouse, possibly complicating the City Council’s plans to convert it into a shelter for up to 400 people.
Portland’s sewer bureau had been taking offers for its 14-acre property, but the City Council voted last week that the sewer bureau should lease its property to the housing division for at least $10,000 a month.
The purchase offers were released Wednesday in response to a public records request. They complicate an ongoing disagreement about the value of the property.
Developer Homer Williams has promised to come up the money to operate a mass homeless shelter.
