October 7, 2020 Minority & Small Business Week Page 5 Broadway Corridor Plans Approved 32-arce site foundation for diverse, new neighborhood The Portland City Council has taken a major step forward on the Broadway Corridor project, approving a set of four agree- ments that lay the foundation for building a diverse and vibrant new neighborhood and charting a new course for an inclusive, large-scale community develop- ment. In the past, Portland’s mis- management of economic and residential development caused the diaspora of much of its Af- rican American community, but with this new development on a 32 acre site formerly used by the Post Office in the Pearl District, a coalition of nonprofits has been working with the develop- er and the city to make sure the construction promotes social eq- uity by reducing disparities, ex- tends community benefits, builds photo Courtesy p rosper p ortland affordable housing and improves socio-economic opportunities Dubbed the Broadway Corridor, 32 acres of prime Pearl District real estate, downtown, will turn a former Post Office site into blocks of new housing and retail development. Agreements by the Portland City Council lay the foundation for a diverse neighborhood that C ontinued on p age 14 promotes social equity and reduces disparities.