Urban renewal district plan nearly complete

The Society Hotel, slated to be the first tourist lodging in Old Town/Chinatown, is one of many projects moving forward in the River District Urban Renewal Area.

After nine months of public debate, Mayor Charlie Hales' proposal to shuffle and shrink Portland's urban renewal districts is headed for the home stretch.

About one-seventh of all the land mass in the city is now tied up in 12 large urban renewals areas and eight smaller ones — close to the maximum acreage allowed by state law. Much of the property taxes collected in those areas goes to the city's urban renewal agency, the Portland Development Commission, instead of schools and other local governments.