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Building efficiency fund in works for Portland?
- Article from:
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Daily Journal of Commerce (Portland, OR)
- Article date:
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July 7, 2008
- Author:
- Libby Tucker
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Copyright informationCopyright 2008 Daily Journal of Commerce (Portland, OR). Provided by ProQuest LLC. (Hide copyright information)
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The Portland Office of Sustainable Development is formulating a
proposal to create a fund with public and private financing that
would pay for widespread energy efficiency upgrades in the city's
residential and commercial buildings. The fund would remove the
financial burden of rising energy costs and efficiency improvements
from building owners and address energy use citywide on a large
scale.
Early calculations call for $150 million to $200 million to
retrofit as many as 10,000 homes and hundreds of commercial
buildings each year with upgrades to reduce energy consumption by 30
percent. Tom Osdoba, director of sustainable economic development
for OSD and the proposal's chief visionary, ...