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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Tags: John Beardsley, Portland
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Interesting! He owns the building being used for the emergency SAFE women’s shelter.
http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/07/01/new-emergency-women-s-shelter
Shortly after it opened, he also rented a space in the YEON building to BIKINI COFFEE, which has since closed.
http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/08/14/bikini-coffee-draws-sexism-pro
It struck me at the time as an attempt to push his luck with the city, having done them a good deed on the SAFE stuff.
I wonder if this is a similar thing?
“Well, I could pay the money, and you could find yourself another landlord willing to rent space to homeless women…or…”
I haven’t seen the contract for the building on NW 5th, but I wonder when the SAFE lease expires?
Hey guys,
Your info is misleading. He doesn’t own the Wells Fargo Tower. Rather he owns the Wells Fargo building down by the US Bank Tower. It has the same but it is a historic building that Well Fargo owned many, many years ago.
Please check your facts.
As Dave says, you have the wrong building noted in the article. Check the address in the agreement and you will see it’s the Wells Fargo Building in the Bank Block, not the Wells Fargo Center. I’m thinking the fees on that building are much higher.
http://media.wweek.com/attach/2009/07/31/Beardsley.pdf