Developers Pull Out of Grove Hotel Deal

City has already spent $3.7 million on the Chinatown building

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The Grove Hotel, a project that Portland Development Commission officials pitched as pivotal to redeveloping Old Town-Chinatown, is on life support after the private developers refused to secure collateral for $900,000 in public loans.David Gold, the lead partner in the plan to turn the Grove from a crumbling halfway house into a trendy, Asian-themed youth hostel, told the PDC in January that none ...   More
 
Tuesday, March 26, 2013 AARON MESH

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