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How will the character/property values in the area be affected?

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How will the character/property values in the area be affected?

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Oregon State Hospital has always tried to be a good neighbor, and the new psychiatric facility should be an even better one. The oldest part of the current hospital is the decrepit J Building, constructed from the 1880s to the 1920s, on the south side of Center Street N.E. The newest major structure on the hospital campus opened in 1955. By contrast, the new psychiatric facilities will be as modern as any in the nation. Residential property values are determined by many factors. To the extent that having a psychiatric facility in the neighborhood is one of those factors, replacing a dilapidated hospital with one that is among the nation’s newest and most modern should have a positive impact.

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