US Edition1803 Fund to Invest $70M in Riverfront Redevelopment Projects
The 1803 Fund plans a mixed-use neighborhood on over seven acres, aiming to create hundreds of jobs and nearly $700 million in economic impact, focusing on Portland's Black community.
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Initiative to support Black Portlanders is investing $70M to redevelop waterfront, other properties
A Portland initiative to restore and redevelop historically Black areas in the city is investing $70 million to transform key pieces of riverfront real estate into mixed-use neighborhoods. The 1803 Fund’s investments in the Albina neighborhood aim to create cultural and economic hubs for Black Portlanders. On Thursday, the Fund’s leaders confirmed it purchased a total of seven acres, including the former grain silos on the east bank of the Willa…
1803 Fund acquires Portland grain silos in $70 million investment for Black community
The 1803 Fund, an organization working to advance Portland’s Black community, on Thursday announced $70 million in real estate purchases, including the site of the former grain silos near the Moda Center.
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