Trader Joe's drops plan for Oregon store

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Associated Press

Posted on February 3, 2014 at 2:00 PM

Updated Monday, Feb 3 at 2:00 PM

PORTLAND, Ore. (AP) — Trader Joe's has dropped plans to open a grocery store in Portland, Ore., after critics said it would promote gentrification, displacing residents and perpetuating income inequality.

The Oregonian reports (http://bit.ly/1fTLtfy) that a statement released Monday said Trader Joe's was taking a simple approach. As the statement put it: "If a neighborhood does not want a Trader Joe's, we understand, and we won't open the store in question."

The Portland Development Commission had offered the grocery company a $2.4 million incentive to open the store. Critics, including the Portland African American Leadership Forum, said it was in one of the most rapidly gentrifying ZIP codes in the nation.

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Information from: The Oregonian, http://www.oregonlive.com

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