Portland Strip Clubs: Well known downtown Portland developer files for Chapter 11
by exoticinportlandNovember 23, 2009, 7:04PM
Fredrick D. Joe/The Oregonian
Developer John Beardsley, who’s owned downtown Portland real estate since the 1960s, has put his company into Chapter 11 bankruptcy.
Beardsley’s company, Fountain Village Development, owns enough historic properties to fill a skyscraper. But he sent the company into Chapter 11 to prevent the loss of one small storefront to foreclosure.
The old Jazz de Opus club at Northwest Second Avenue and Couch Street was headed for an auction Monday morning on the steps of the Multnomah County Courthouse. Beardsley halted the sale with the bankruptcy filing Friday.
“I can’t do that,” Beardsley said of losing the building, now rented by a strip club and a tattoo parlor. “I’ve got by far the most historic buildings downtown. I’m a steward, and I’m not surrendering that.