Saturday, April 2, 2011

Portland schools building initiative to be one of the most expensive ever in the state

The Oregonian offers this in depth report.  The plan includes renovating Cleveland and Roosevelt and building a new Jefferson High, which are, according to the Oregonian, higher cost per square foot than any other public schools which have been built in the state.

The cost of this project is not inconsequential, the record $548 million bond on May's ballot would an increase in property taxes of about $2 per $1000 of assessed value for Portland property owners.  This is about $750 a year for an owner of $250K house.  The other issue is whether that money is really well spent on the very fancy schools which Portland wants to build, but it wouldn't feel like Portland without LEED certified high schools.

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