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Abstract:This report examines the recent economic development of downtown Portland. The intention is to develop a context for the Land Use and Economic Effects component of the Portland Transit Mall Impact Study. Although the report focuses on the central business district (CBD) during the 1970's, major economic sectors are examined in a broader temporal and geographic context. Where possible the downtown trends are traced back to the late 1950 's and are compared to the trends occurring in the metropolitan area as a whole. Within the report the terms metropolitan area and Standard Metropolitan Statistical Area (SMSA) are used interchangeably. The report begins with a description of the Portland SMSA, and then focuses directly on the trends in the downtown economy. Section I briefly reviews the history of economic development in the Portland SMSA, and Section II summarizes trends in population, income, and employment characteristics. Section III describes the Downtown Plan which was adopted in the early 1970's, the decade of major concern during the 20 year period examined in this report. Section IV discusses activity in four major sectors of the downtown economy between 1960 and 1980. Specifically, examination of these sectors covers historical changes in growth or decline of office development, retail activity, housing, and hotel development, conventions and tourism. In most cases changes within the CBD are compared to the metropolitan area. Section V summarizes the major points of the report.
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