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Does Portland's urban growth boundary raise house prices?

The 1997 forum also included a discussion on whether other regions should adopt Portland’s land use model, especially its controversial urban growth boundary (UGB). The two forum respondents, Henry R. Richmond and William A. Fischel, disagreed strongly on this point. Richmond, a land use lawyer who was instrumental in passing the 1973 Oregon land use law that created UGBs, argued that other metropolitan areas can and should adopt the Portland model. Fischel, an economist, noted that the UGB limited urban growth in a way that could diminish Portland’s economic development and that other places should carefully consider this downside.