Broker Takes on Edgefield Children's Campus

TROUTDALE, OR-In 1997, using money from the private and public sector, the nonprofit Children’s Land Trust was formed to purchase 22 acres from Multnomah County. The goal was to create a unique services campus for children and families on the property, located just west of McMenamins Edgefield in Troutdale.

To date, three such programs have landed on the property. One developed a new building on the property, while two others each remodeled and occupied one of several existing buildings on the campus. Things have slowed done since, but Cushman & Wakefield broker Ramona Barinaga Harrington hopes to get the ball rolling again. She has volunteered her services to locate other child service agencies and organizations that would round out the campus and complete the vision.

Through a partnership with Multnomah County, the Children’s Land Trust has the ability to assist organizations and agencies financially in coming to the campus, and can also assist them in fundraising and development efforts. The support would come from the sale of county revenue bonds such that an organization would only need to fundraise 40% of a building’s cost. The rest would be financed at low interest rates over 15 years.