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Economic News

Portland State University and 3 partners to build new academic building downtown

March 22,2017
Portland State University has announced it will build a new tower in downtown Portland in concert with Oregon Health & Science University and Portland Community College, the Oregonian is reporting. The new facility, a $100 million project, will be partially funded by $15 million in new, joint fundraising by the universities. The City of Portland also agreed to purchase two floors of space for an additional $15 million and PCC will chip in $15 million. The coalition is also seeking $51 million in state bonds to complete the funding.

The building is expected to be seven to nine stories tall, with 200,000 square feet of space, and will house the OHSU-PSU School of Public Health, the PSU Graduate School of Education, the PCC school of Dental Hygiene, offices of a yet-undetermined bureau of the City of Portland, as well as ground-floor restaurants and retail. Located at the corner of SW Fourth Avenue and Montgomery Street is expected to be complete by 2020.

Read more details about the project here

You can watch a video recording of the press conference announcing the plans here

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