The City of Portland has issued their draft Unreinforced Masonry (URM) Building Policy Report. Preliminary city cost estimates range from $20 to $112 per SF of gross building area, based on the extent of retrofitting required. The requirements in this report will be considered by the Portland City Council in early 2018.
These are huge costs and could have a major impact on apartment owners if passed. While incentives are being finalized, most owners say the available incentives aren't close to covering the costs. See if your building is on the list.