Home Archives December 2007 Is resort building out of control?

Is resort building out of control?

| Print |  Email
Saturday, December 01, 2007

Your publication had a story [ANOTHER RESORT ON TAP FOR CENTRAL OREGON, OCTOBER] on destination resorts in which industry advocate Linda Swearingen informed the magazine that she believes the market for resorts in Central Oregon has yet to peak. “You don’t come in on a wing and a prayer to develop these resorts,” she stated, suggesting that the continued pursuit of land use approvals for destination resorts is evidence of true long-term demand.

We have our doubts. No one even knows if all the lots being approved in resorts are going to sell. Although lots sales remain strong for now, home construction is lagging considerably behind as many owners begin to question their investments. Is the market going to hold up? Is the region over-built? And will long-term supply actually be there once baby boomers go to sell? It’s hard to say anyone has any real answers to these questions, but concern is certainly mounting.

It’s useful to note that resorts make the bulk of their money on lot sales. It doesn’t take many lots before the developers find themselves in the “windfall” category. Is it possible that there is a mad rush for resorts because each development wants to get its lots sold before the market reveals its cracks?

Whatever the case, it’s disappointing that the major limitation to this industry seems to be speculative demand for lots, not overall impacts to Central Oregon and its residents.

Erik Kancler
Executive director,
Central Oregon Land Watch


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

Private liberal arts education: superior outcomes, competitive price

Contributed Blogs
Tuesday, August 26, 2014
0826 thumb collegemoneyBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?


Read more...

The Backstory

October 2014
Thursday, September 25, 2014

In our cover story this month, Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, discuss their rapidly growing businesses and Portland’s red hot food scene. The conversation provides an interesting lens through which to explore trends in the grocery store and restaurant sectors.


Read more...

October surprise

News
Sunday, October 12, 2014
roundup-logo-thumb-14BY LINDA BAKER

Cylvia Hayes, tabloid vs. watchdog journalism and the looming threat of a Cascadia earthquake.


Read more...

How to add positivity to your team

Contributed Blogs
Friday, September 12, 2014
happy-seo-orlando-clientsBY TOM COX | OB BLOGGER

I often talk about what leaders can do. What about followers? If you’re a team member and you’d like to add positivity to your team, what might you do?


Read more...

Back to School

September 2014
Wednesday, August 27, 2014
BY LEE VAN DER VOO

By now we’ve all read the headlines: Starbucks is giving away free degrees. Except it isn’t.


Read more...

Two Sides of the Coin

Contributed Blogs
Friday, September 26, 2014
0926 iphone6-thumbBY JASON NORRIS | GUEST BLOGGER

This post focuses on the recent release of the new Apple iPhone as well as Alibaba's IPO, the largest U.S. IPO in history.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS