In an interview with Gerard Mildner of the PSU Center for Real Estate, interviewer Greg Frick discusses Dr. Mildner's recent critique of Metro's 20-year growth plans. The latest Metro models project substantial rent and housing price increases as a result of the limitation of the Urban Growth Boundary (UGB) expansion.
Businesses, homebuilders, the commercial real estate industry and suburban mayors have voiced concerns that the emphasis on high density could push Portland housing expenses to the same levels as San Diego, San Francisco and Los Angeles.
In our interview, Dr. Mildner argues that if Metro's projections hold true, fewer companies will want to locate here and recent college graduates will flee to other cities with lower housing costs.
Mildner: "To me, Metro needs to change the way that they look at land and have housing pricing and housing rents factored in as a variable and recognize that they have some control over."