The Confederate Tribes of Grand Ronde are putting up for the sale the former site of the Multnomah Greyhound Park in Wood Village, taking advantage of a strong real estate market.

The Confederated Tribes of the Grand Ronde will not develop 31 acres that were home to Multnomah Greyhound Park in Wood Village.

Tribal officials publicly announced the decision at a Wood Village City Council meeting on Tuesday afternoon, Aug. 28.

Grand Ronde Vice Chairman Chris Mercier, Tribal Council Secretary Jon A. George and Tribal Council member Denise Harvey told city councilors that the tribe determined it wouldn't get a strong enough return from what it could invest into the property, and now plans to sell the site. Representatives of the Confederated Tribes of the Grand Ronde Indian Reservation attend an event in July 2016 before the demolition of the former Multnimah Greyhound Park.

"It wasn't an easy decision," Mercier said. "You have been really good to work with. We are at a different place than we were three years ago."

The Grand Ronde bought the property in December 2015 and the tribe was planning to develop the property into a family-friendly operation such as a brewpub, but it no longer had the resources available to make that happen.

The Tribe has owned the property for nearly three years, and they contracted with Konell Construction & Demolition Corp. of Sandy to raze structures on the site in 2016, and there hasn't been development since.

"We didn't think it was fair to let it sit," Mercier said. "Somebody else can develop that."

The tribe spent a reported $10 million purchasing the site, according to an Outlook news article. The Grand Ronde plans to list the property for sale at $17.9 million.OUTLOOK PHOTO: MATT DEBOW - Members of the Wood Village City Council and officials with the Confederated Tribes of the Grand Ronde pose together at Wood Village City Hall on Tuesday, Aug. 28.

All councilors voiced support for the Tribe's future endeavors, and were sad to see the tribe give up on the development.

Mayor Tim Clark said he was concerned that when someone bought the property that it would just sit vacant.

"I'm glad that you're willing to say that it's not going to work," Clark said.

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