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

Detox fashion

June 2014
Thursday, May 29, 2014
BY LINDA BAKER

Remember mood rings? A team of scientists at Oregon State University has designed what might be considered a 21st-century analog of the ’70s jewelry fad: a bracelet that reveals one’s exposure to pollutants.


Read more...

Updated: Disrupting innovation

News
Tuesday, July 08, 2014
070814 thumb disputive-innovationBY LINDA BAKER  | OB EDITOR

The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation  — whether the terms are mere buzzwords or actually explain today's extraordinarily complex fast changing business environment. 

Update: We checked in with Portland's Thomas Thurston, who offers his data driven take on the disruption controversy.


Read more...

The barber is back

June 2014
Thursday, May 29, 2014
BY MIKE GREEN

An old profession is new again.


Read more...

Charged ride

June 2014
Thursday, May 29, 2014
0614launchBY JESSICA RIDGWAY

Brad Baker, CEO and co-founder of Works Electric, is a good husband. His wife, an OHSU employee, sought a more efficient way to commute up Marquam “Pill” Hill, so she asked Baker to build a transportation solution.


Read more...

Timber town

June 2014
Thursday, May 29, 2014
BY LEE VAN DER VOO

A forest collaboration saves the Rough & Ready Lumber Company.


Read more...

Why I became an Oregon angel investor

Guest Blog
Monday, July 14, 2014
AngelInvestBY TERRY "STARBUCKER" ST. MARIE

I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.


Read more...

13 West Coast seafood species now 'sustainable'

News
Tuesday, June 03, 2014

Fishing OrBiz Fishing 0357 ADOBErgbCiting the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.


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