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Building efficiency fund in works for Portland?

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, ...

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