Portland State University Enters Exclusive Negotiations with Colas Development Group (opens original article in a new tab)

Portland State University has entered exclusive negotiations with Colas Development Group to build a 150-key hotel and conference center as part of a larger Performing Arts + Culture Center project in downtown Portland, involving over $70 million in private investment.

• PSU and Colas Development Group are negotiating a hotel and conference center as part of the Performing Arts + Culture Center.
• The project includes a 3,000-seat venue owned by Portland and additional theaters owned by PSU.
• The agreement involves over $70 million in private investment and aims to boost Portland's cultural and economic vitality.