PORTLAND PRESS HERALD • September 19, 2025
Although nothing official has been announced, Portland Pipe Line Corporation is expected to sell its holdings any day now, a development that would end its long and sometimes fraught relationship with the city and open up new possibilities to reimagine the land. The pipeline, a subsidiary of the Canadian oil company Suncor, owns more than 200 acres scattered across several parcels and is among the city’s largest landowners. Its assets include a 100-acre tank farm near the high school and four tanks and two piers by Bug Light Park that have been viewed both as eyesores and environmental hazards. The assessed value of the land is $38 million, but the city estimates it could be worth more than $100 million if the tanks were removed and the land cleaned up.