Welcome to the perfect storm of socialist incompetence meets basic economics! Portland's city council just got a harsh lesson when their iconic Big Pink building sold for $45 million – down from $373 million in 2015. That's a 88% discount that would make Black Friday shoppers weep with envy.We break down how Portland's "woke" leadership created a downtown wasteland where businesses board up windows faster than they can say "defund the police," and how one fire sale just triggered a tax revenue avalanche that's about to crush their bloated city budget. From Antifa street theater to empty storefronts, we explore why nobody wants to touch Portland commercial real estate with a 10-foot pole.Is anyone surprised that a city prioritizing virtue signaling over basic safety can't keep businesses downtown? What happens when your tax base collapses because you've turned your city into a case study of how NOT to govern? The wheels are coming off, and the socialist council members are scrambling to understand why businesses don't want to operate in their urban paradise.
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