South Waterfront Urban Redevelopment – Williams & Dame Development
Ball Janik LLP represented the developers of South Waterfront, a $2 billion, multi-phase, public/private project that is the largest urban redevelopment in the history of Portland, Oregon. The project encompasses approximately 33 acres of former “brownfield” land along the Willamette River just south of Downtown Portland. The firm negotiated and drafted a complex development agreement between several entities managed by Williams and Dame Development (the private developer) and the Portland Development Commission (now known as Prosper Portland). The agreement provided for the construction of the first aerial tram built in the United States in decades; an extension of Portland’s vaunted streetcar line; a public park and riverfront greenway; multiple high-rise residential towers; and affordable housing. In 2004, Ball Janik attorneys began managing the development agreement on behalf of the private parties, including Oregon Health & Science University. We negotiated and drafted seven of the nine amendments to the development agreement, including a complex modification that significantly revised the public funding and finance plan to cover the escalating costs of the aerial tram and to accelerate funding for other infrastructure and park space.