The former Trinity Broadcasting Network (TBN) location, off NE Glisan, has been bought by Metro. 432 NE 74th Ave was owned by TBN for decades and remained closed to the public for most of that time. They operated the location as a broadcasting facility and, outside a few cars in the parking lot, did not have much activity at this site. However the building looks to have sold to Metro according to Portland Maps. This is a massive property, right off NE Glisan between 74th and 75th Ave. It is just over half the block.
At the moment, it is unclear what Metro has planned for this newly acquired property. It is likely they will hold onto the site for a future development opportunity. The wait should not be too long as a recent Metro Request for Proposals, 3727 On Call Property Management Services, lists “Former TBN Site 432 NE 74th Ave Portland Commercial 1.65 (acres) 19,000 (SF) Available for short term lease.” This would indicate that they will want to do something with the property in the next few years, or at least keep that option open.
Updated information about this project can be found here.