— A new project to save the city’s historic downtown is going up for a vote this fall.
The Portland Commission on Environmental Design (PEDD) will decide if to accept the design for a $25 million renovation of the iconic Portland General Electric building.
This year’s PEDD vote was announced Monday and the project is expected to be funded in full by 2024.
The building has been home to Portland’s business community for more than 70 years, and has a long history of being the site of some of the citys most important events and cultural landmarks.
“I’m just thrilled that this project is going to be so successful,” said Portland Mayor Ted Wheeler.
Wheeler, who has championed a $30 million redevelopment of the building for more years than most mayors, has made it clear that he wants the building to be saved.
He said the building has “never been an issue” for the city.
PEDd will work with the city and other stakeholders to identify a way forward.
Some key points about the renovation include: The facade will be replaced with glass, creating an additional 20 feet of exterior space.
The exterior walls will be restored to the original style.
The exterior of the historic building will be preserved.
PEDd is expected see an increase in foot traffic and an increase of business visitors.PEDe’s mission is to preserve and restore Portland’s historic and cultural assets.
The PEDe Building is home to the Portland General Electricity Company (PGEC) and has been a hub for Portland’s economy since the late 1800s.
The building was first built in 1890, and is home for the Portland Bureau of the Public Works and the Portland Police Department.
In 2014, the city of Portland opened an office and warehouse complex for PED, which now has more than 4,000 employees.