City, Paulson strike deal to revamp PGE Park
Portland Timbers owner Merritt Paulson, Mayor Sam Adams and Commissioner Randy Leonard emerged from their final negotiating session just before 2 p.m. today after finalizing a $31 million deal to renovate PGE Park for the team’s 2011 Major League Soccer debut.
And just in time. The City Council’s 2 p.m. meeting includes measures that would exempt the project from the city’s competitive bidding requirements and give Paulson and his company full authority to hire designers and builders for the project.
The long-awaited deal scales back the changes from what was previously envisioned by $6 million to fit within the available budget. The details on the changes are not yet available.
– Excerpt from OregonLive.com, July 9, 2009
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