Part 12/12:
While city officials continue to posture about regrowth and investment, the reality on the street and in the market suggests significant correction and reimagining are necessary. Without meaningful change, Portland’s downtown—and its cornerstone properties—may remain caught in a cycle of decline, with recovery still a distant hope.
In the end, the story of the Ritz Carlton and Portland’s downtown encapsulates a broader narrative: when urban ecosystems falter, luxury and investment falter along with them. Only time will tell whether Portland can turn its tide or if its skyline will be overshadowed by more abandoned, foreclosed towers.