July 31st, 2009 | by JAMES PITKIN News | Posted In: CLEAN UP, CLEAN UP

Portland Developer John Beardsley Owes City Nearly $149,000


Portland real-estate mogul John Beardsley is late repaying the City of Portland nearly $149,000 in unpaid fees on 17 of his downtown properties, according to a court document.

Beardsley had agreed to repay the outstanding Business Improvement District management fees to the city by Sept. 20 in a scheduled series of payments, according to a binding agreement filed Wednesday in Multnomah County Circuit Court.

If Beardsley was five days late more than once on that schedule, the document says, the city would file the papers in court and Beardsley's debt would be "immediately due and subject to execution."

Check out the agreement (PDF) for the list of properties on which Beardsley owes fees. Those properties include Wells Fargo Center, the tallest building in Portland (pictured above).

Beardsley, whose financial woes were detailed in a front-page story in The Oregonian last week, has not returned a call seeking comment on this latest development.
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