Metro weighs $3M loan to Prosper Portland for 910 MLK project
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Portland Area Metropolitan Service District[3]MPO · Portland, OR- Disclosed value
- $3 million
- From agendapacket
- Document date
- Jun 9, 2026
- Term
- 10 years
- Renews
- Free account
The 30-second brief
Metro is considering an intergovernmental agreement to provide a $3 million, 10‑year loan to Prosper Portland to redevelop the vacant 910 NE MLK Jr. Blvd building into a food cart pod, beer hall, and event space. The loan would be repaid quarterly with principal and interest, with Prosper Portland guaranteeing repayment regardless of project performance.
Prosper Portland holds this financial services contract with Portland Area Metropolitan Service District[3]. Its other public contracts on record include work for Oregon Tax Supervising and Conservation Commission and David Douglas School District 40.
The renewal date is on record. A free account shows it, with the renewals for every Portland Area Metropolitan Service District[3] contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $3 million
- Document date
- June 9, 2026
- Term
- 10 years
- Renews
- Free account
- Vendor
- Prosper Portland
- Source document
- Metro Council AgendaPacket Council work session 2026-06-09 (AgendaPacket)
Prosper Portland's other public contracts
More Portland Area Metropolitan Service District[3] contracts
Questions about this contract
Who was awarded the financial services contract by Portland Area Metropolitan Service District[3]?
Prosper Portland was awarded this financial services contract by Portland Area Metropolitan Service District[3], as recorded on June 9, 2026. The contract value is $3 million.
How much is the Prosper Portland contract with Portland Area Metropolitan Service District[3] worth?
The Prosper Portland contract with Portland Area Metropolitan Service District[3] is valued at $3 million, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Metro Council AgendaPacket Council work session 2026-06-09 (AgendaPacket), dated June 9, 2026 from Portland Area Metropolitan Service District[3]. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Prosper Portland hold?
Prosper Portland may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Portland Area Metropolitan Service District[3] currently buying?
Explore Portland Area Metropolitan Service District[3]'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.