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Estimates for a new homeless shelter in Portland approach $20 million
The expected cost of building a new homeless services center on Riverside Street is more than double the city s $8 million estimate in 2017.
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The cost of building and leasing a new homeless services center could be more than twice the amount estimated by Portland officials four years ago.
Estimates received by developers interested in building a 200-bed homeless services center and leasing it back to the city estimate the project could cost nearly $20 million, which could require an annual lease payment of about $1.5 million. That’s more than double the $8 million cost estimate in 2017, when the city estimated an annual lease payment of roughly $400,000. ....

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