Unable to come to terms, Portland and the Zidells bail on South Waterfront development

In a surprise turn of events on one of the city's most prominent development opportunities, ZRZ Realty — the real estate arm of the Zidell family business — and the city of Portland have terminated a development agreement that would have paved the way for a massive amount of development in the South Waterfront.

A joint news release issued by ZRZ and the city noted that all parties involved are "mutually terminating the development agreement for Zidell Yards, which will not move forward with…

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