I've almost given up on the pier project. Now that Olympia is asking for further zone changes, the economy and credit markets are in the toilet, and they are not planning on starting work until 2011 anyway it seems like a gigantic waste of time.
While I'm not a fan of the rent/tax structure and spoke out during city council at least OP would have started work immediately, employing hundreds of workers at union payscales. And OP would have committed the capital and been self-financed.
Chalk it up with the Libra's and Boulos' civic center projects and you have another large scale endeavor doomed to the dustbin. We seem to be stuck with Olympia no matter what they do, what they change or what they can't perform. That's just odd.
As I mentioned before, there should have been performance circuit breakers throughout the process to allow the city to withdraw from the negotiations and agreements with Olympia. That would have been common sense protection for the stakeholders: city of portland taxpayers.
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