City Fears Lawsuit Could Derail Parts of Riverwalk Plan ; the Contested Ownership of the Parking Garage May Jeopardize Commercial and Residential Projects.

Summary


A partner's lawsuit may jeopardize plans by Riverwalk LLC to build a $100 million residential and commercial development in Portland's East End.

The lawsuit contests ownership of a 720-space parking garage, construction of which was sought by the city to spur redevelopment on the eastern waterfront.

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Extract


City Fears Lawsuit Could Derail Parts of Riverwalk Plan ; the Contested Ownership of the Parking Garage May Jeopardize Commercial and Residential Projects.

Portland officials say Riverwalk partners have assured them that the $12 million parking garage is nearly finished and will open by early July.

But city officials say they are concerned that a disagreement bet...

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