Lincoln High School Redevelopment - Portland State University

Lincoln High School RedevelopmentAppendix B - The Three Squares OptionCons:•Lose field and track•Students would have to travel for sports games and practices•Complicated development scheme with higher risk profile•Higher construction costsThis option assumes much of the same development strategies as the Hybridoption and LHS would remain on site, while realizing the greater developmentpotential that the land holds. However the track and field wouldbe forfeited in order to increase the urban density development value of thesite, The residential component would allow for teacher housing and studenthousing, and could allow for an expansion statewide or even internationallyof the IB and ISC programs, by allowing students from outside of Portlandto live on campus while studying at LHS. Much needed student housingwould be developed for PSU students and could facilitate a transition ofLHS students to PSU. A ground lease and rents from the housing unitswould provide an income stream to the school system that could help defraythe cost of development and potentially provide income in the long termthat could help pay for renovations in the future.A partnership with PGE Park could provide an alternative field withinwalking distance of the school for LHS physical education and/or athleticsand the “3 Squares” within this dense urban option could still be used forrecreation space.62Center for Real Estate • BOMA Development Workshop • Summer 2009